Yunhong CTI Ltd. develops, produces, distributes, and sells consumer products in the United States and internationally. It offers novelty products, including foil balloons; latex balloons under the Partyloons name; and toy balloon products, which include punch balls, water bombs, and Animal Twisties, as well as other inflatable toy items. The company also offers packaging films and custom film products for food, and other commercial and packaging applications; produces and distributes home organization and container products; assembles and sells Candy Blossom product line; and distribute party goods. It primarily serves various retail outlets, including general merchandise stores, discount and drugstore chains, grocery chains, card and gift shops, and party goods stores, as well as florists and balloon decorators. The company sells its products directly, as well as through a network of distributors and wholesalers, retail chains, and independent sales representatives. The company was formerly known as CTI Industries Corporation and changed its name to Yunhong CTI Ltd. in January 2020. Yunhong CTI Ltd. was founded in 1975 and is headquartered in Lake Barrington, Illinois.
IPO Year: 1997
Exchange: NASDAQ
Website: ctiindustries.com
SC 13D - Yunhong CTI Ltd. (0001042187) (Subject)
Cesario brings more than 20 years of manufacturing experience as former CEO of CompanyThree new directors bring extensive financial, operational and market experienceLAKE BARRINGTON, IL / ACCESSWIRE / January 11, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that Frank Cesario, the Company's former President, Chief Executive Officer and Chief Financial Officer, has been appointed as Chief Executive Officer, effective January 2022. Mr. Cesario currently serves on the board of directors and is a member of the Audit Committee.The Company als
Select Financial Highlights (unaudited) - Second Quarter 2023 and 2022Net sales were $4.1 million in the second quarter 2023, compared with $4.4 million in the second quarter 2022While helium pricing continued to moderate after the significant spike in 2022, it negatively impacted foil-balloon sales in Q2 2023Foil balloon sales improved by $0.3 million sequentiallyNet loss for the second quarter 2023 improved to $0.1 million, compared to net loss of less than $0.4 million in the second quarter 2022Adjusted EBITDA (a non-GAAP measure) was $0.2 million, compared to $0.0 million in the second quarter of 2022. Please refer to the table accompanying this press release for a reconciliation of the
LAKE BARRINGTON, IL / ACCESSWIRE / July 20, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, novelty balloons, gift items and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, August 3, 2023 at 10:00 am ET to review its second quarter 2023 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/48658. For those planning to participate in the call, please dial +1-888-506-0062 (domestic) or 973-528-0011 (international). The Conference ID is 327381.A replay of
Financial Highlights (unaudited)Net sales were $5.1 million in the first quarter, compared with $5.8 million in the first quarter of 2022While helium pricing continued to moderate after the significant 2022 spike, it continued to negatively impact foil-balloon salesNet income was $0.4 million, compared to net loss of less than $0.1 million in the first quarter of 2022Adjusted EBITDA (a non-GAAP measure) was $0.7 million, compared to $0.3 million in the first quarter of 2022. Please refer to the table accompanying this press release for a reconciliation of the Company's GAAP and non-GAAP results.Business HighlightsSales of candy and balloon gift items continued to climb, offsetting some of th
LAKE BARRINGTON, IL / ACCESSWIRE / April 18, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, April 27, 2023 at 10:00 am ET to review its first quarter 2023 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/48198. For those planning to participate in the call, please dial +1-888-506-0062 (domestic) or 973-528-0011 (international). The Conference ID is 587807.A repla
Financial Highlights (unaudited)Net sales in the fourth quarter were $5.6 million, as compared to $6.6 million in the prior year periodFull year 2022 net sales were $18.0 million, as compared to $24.1 million for the comparable period of 2021Lower revenues in 2022 primarily attributable to high price of helium, which negatively impacted foil-balloon salesHelium prices declined during the second half of 2022 and in early 2023Despite 25% lower revenue for the full year, gross margins improved to 17.4% in 2022, compared to 15.6% in 2021Increased sales of products which do not require helium, such as our candy and balloon gift combinations, mitigated the impact of elevated helium prices during 2
LAKE BARRINGTON, IL / ACCESSWIRE / February 13, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, February 23, 2023 at 10:00 am ET to review its fourth quarter and year end 2022 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/47550. For those planning to participate in the call, please dial +1-877-545-0523 (domestic) or 973-528-0016 (international). The Conference
Third Quarter and Nine-Month 2022 Financial HighlightsNet sales of $2.3 million, as compared to $5.2 million in the prior year period, while for the nine-months of 2022 net sales were $12.5 million, as compared to $17.5 million for the comparable period of 2021Lower revenues for three-and nine-month period in 2022 primarily attributable to high price of heliumHelium pricing has moderated downward during the third quarter although it remains a challenge on everyday order volumesNet loss improved to $0.12 per share for the third quarter of 2022, as compared to a loss of $0.14 per share in the prior year comparable periodAdjusted EBITDA was negative $0.6 million for the third quarter of 2022, c
LAKE BARRINGTON, IL / ACCESSWIRE / November 3, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Wednesday, November 16, 2022 at 10:00 am ET to review its third quarter 2022 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/46944. For those planning to participate on the call, please dial +1-888-506-0062 (domestic) or +1-973-528-0011 (international). The Conference ID is 18486
Second Quarter and Six-Month 2022 Financial HighlightsNet sales of $4.4 million, as compared to $5.7 million in the prior year periodDespite a strong start in April, the elevated price of helium impacted foil balloon customer demand significantly during May and JuneNet loss of $0.10 per share, as compared to a gain of $0.27 per share in the prior year period, which included a one-time gain on the sale of a building of approximately $3.4 million, or $0.57 per shareAdjusted EBITDA improved significantly to positive $6,000 from a loss of ($502,000) during Q2 2021Adjusted EBITDA for the first six-months of 2022 was $346,000 compared to a loss of $(410,000) for the comparable period in 2021Busine
LAKE BARRINGTON, IL / ACCESSWIRE / August 2, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Tuesday, August 16, 2022 at 10:00 am ET to review its second quarter 2022 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/46252. For those planning to participate on the call, please dial +1-888-506-0062 for domestic calls, or +1-973-528-0011 for international calls. The Conference
New corporate name, Yunhong Green CTI LTD., reflects unified global presence and collective goal of bringing patented advanced materials to the North American marketplace to enhance environmental sustainabilityDeveloping compostable, biodegradable and recyclable components available for the Company's existing and expanding product linesTicker symbol change from ‘CTIB' to ‘YHGJ' effective at the market open September 25, 2023To mark the occasion, Company officials will celebrate the occasion at the NasdaqLAKE BARRINGTON, IL / ACCESSWIRE / September 22, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film packaging products, novelty ball
Select Financial Highlights (unaudited) - Second Quarter 2023 and 2022Net sales were $4.1 million in the second quarter 2023, compared with $4.4 million in the second quarter 2022While helium pricing continued to moderate after the significant spike in 2022, it negatively impacted foil-balloon sales in Q2 2023Foil balloon sales improved by $0.3 million sequentiallyNet loss for the second quarter 2023 improved to $0.1 million, compared to net loss of less than $0.4 million in the second quarter 2022Adjusted EBITDA (a non-GAAP measure) was $0.2 million, compared to $0.0 million in the second quarter of 2022. Please refer to the table accompanying this press release for a reconciliation of the
LAKE BARRINGTON, IL / ACCESSWIRE / July 20, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, novelty balloons, gift items and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, August 3, 2023 at 10:00 am ET to review its second quarter 2023 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/48658. For those planning to participate in the call, please dial +1-888-506-0062 (domestic) or 973-528-0011 (international). The Conference ID is 327381.A replay of
Financial Highlights (unaudited)Net sales were $5.1 million in the first quarter, compared with $5.8 million in the first quarter of 2022While helium pricing continued to moderate after the significant 2022 spike, it continued to negatively impact foil-balloon salesNet income was $0.4 million, compared to net loss of less than $0.1 million in the first quarter of 2022Adjusted EBITDA (a non-GAAP measure) was $0.7 million, compared to $0.3 million in the first quarter of 2022. Please refer to the table accompanying this press release for a reconciliation of the Company's GAAP and non-GAAP results.Business HighlightsSales of candy and balloon gift items continued to climb, offsetting some of th
LAKE BARRINGTON, IL / ACCESSWIRE / April 18, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, April 27, 2023 at 10:00 am ET to review its first quarter 2023 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/48198. For those planning to participate in the call, please dial +1-888-506-0062 (domestic) or 973-528-0011 (international). The Conference ID is 587807.A repla
Financial Highlights (unaudited)Net sales in the fourth quarter were $5.6 million, as compared to $6.6 million in the prior year periodFull year 2022 net sales were $18.0 million, as compared to $24.1 million for the comparable period of 2021Lower revenues in 2022 primarily attributable to high price of helium, which negatively impacted foil-balloon salesHelium prices declined during the second half of 2022 and in early 2023Despite 25% lower revenue for the full year, gross margins improved to 17.4% in 2022, compared to 15.6% in 2021Increased sales of products which do not require helium, such as our candy and balloon gift combinations, mitigated the impact of elevated helium prices during 2
LAKE BARRINGTON, IL / ACCESSWIRE / February 13, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, February 23, 2023 at 10:00 am ET to review its fourth quarter and year end 2022 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/47550. For those planning to participate in the call, please dial +1-877-545-0523 (domestic) or 973-528-0016 (international). The Conference
Under the banner Yunhong CTI Green Initiative, the two entities have partnered to develop compostable, biodegradable and recyclable components for the Company's existing and expanding product linesLAKE BARRINGTON, IL / ACCESSWIRE / January 26, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that through its partnership with Yunhong Biotechnology, Inc. ("YB"), a member of the Yunhong Group ("YG") family of companies, established to bring to the U.S. market its advanced compostable materials, it is supporting research and development programs
Bringing patented advanced materials to the US to enhance environmental sustainabilityLAKE BARRINGTON, IL / ACCESSWIRE / December 1, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that Yunhong Biotechnology, Inc. ("YB"), a member of the Yunhong Group family of companies, established to bring to the U.S. market its advanced materials for a compostable alternative to many of the materials used and disposed of in landfills, recently hosted world renowned investor, Mr. James (Jim) Rogers Jr., an American investor and financial commentator and
Third Quarter and Nine-Month 2022 Financial HighlightsNet sales of $2.3 million, as compared to $5.2 million in the prior year period, while for the nine-months of 2022 net sales were $12.5 million, as compared to $17.5 million for the comparable period of 2021Lower revenues for three-and nine-month period in 2022 primarily attributable to high price of heliumHelium pricing has moderated downward during the third quarter although it remains a challenge on everyday order volumesNet loss improved to $0.12 per share for the third quarter of 2022, as compared to a loss of $0.14 per share in the prior year comparable periodAdjusted EBITDA was negative $0.6 million for the third quarter of 2022, c
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