Houston, Texas – Lapolla Industries had sales of $20.2m in the third quarter of 12015 compared with $17.8m in the same period in 2014.
According to filings with the US Securities and Exchange Commission, This fed through to an operating profit of $4.8m in Q3 2015 compared with $3.3m in the 2014 quarter.
In the 2014 quarter the company made a net loss of $1.4m. This has turned into a net profit of $307,000.
The firm said that the $2m growth in quarterly sales between Q3 2014 and 2015 “is attributable to cost conscious residential and commercial building owners transitioning from traditional fiberglass insulation to energy efficient spray polyurethane foam.” Lapolla Industries recently took part in a White House energy efficiency and climate change meeting.
The increase in gross profit is due to better operation and manufacturing efficiencies and lower freight costs and an increase in sales.