ERICO International Corporation	phone: (440) 349-2630
30575 Bainbridge Road, Suite 300	fax: (440) 349-2996
Solon, Ohio 44139	www.erico.com
USA

ERICO International Corporation
Announces Third Quarter 2005 Results

SOLON, OH — November 2, 2005 — ERICO International Corporation (bond ticker CADDY) today reported results for its third quarter and nine months ended September 30, 2005.

Net sales in the third quarter of 2005 were $104.4 million, an increase of $12.0 million, or 13.0%, compared with third quarter 2004 net sales of $92.4 million. The increase in net sales was due primarily to increased selling prices and higher sales volumes. This performance is a new record for quarterly net sales and represents the second consecutive quarter that the Company has achieved quarterly net sales greater than $100.0 million.

Gross profit in the third quarter of 2005 was $39.1 million, up $6.2 million, or 18.8%, from the third quarter 2004 gross profit of $32.9 million. The increase in gross profit was due primarily to increased selling prices and higher sales volumes.

Operating expenses in the third quarter of 2005 were $23.4 million, up $1.0 million, or 4.8%, from third quarter 2004 operating expenses of $22.4 million. As a percentage of net sales, operating expenses decreased to 22.5% in the third quarter of 2005 from 24.2% for the third quarter of 2004, primarily due to higher sales levels and ongoing control of expenses.

The Company’s net cash provided by operating activities in the third quarter of 2005 was $14.3 million, compared with $3.3 million in the third quarter of 2004. The Company generated EBITDA of $18.4 million in the third quarter of 2005, setting a new quarterly record for EBITDA generation, compared with EBITDA of $13.3 million in the third quarter of 2004, an increase of $5.1 million, or 38.1%. See below for the Company’s definition of EBITDA and a reconciliation of EBITDA to net cash provided by operating activities computed in accordance with accounting principles generally accepted in the United States (“GAAP”).

YEAR-TO-DATE RESULTS

Net sales for the nine months ended September 30, 2005 were $294.5 million, up $26.5 million, or 9.9%, from net sales of $268.0 million for the nine months ended September 30, 2004, setting a new record for net sales during the first nine months of a year. The increase in net sales was due primarily to increased selling prices and higher sales volumes.

Gross profit for the nine months ended September 30, 2005 was $106.1 million, up $9.7 million, or 10.1%, from gross profit of $96.4 million for the nine months ended September 30, 2004. The increase in gross profit was due primarily to increased selling prices and higher sales volumes.

Operating expenses in the first nine months of 2005 were $68.1 million, up $3.4 million, or 5.2%, from operating expenses of $64.7 million in the first nine months of 2004. As a percentage of net sales, operating expenses declined to 23.1% in the first nine months of 2005 from 24.1% for the first nine months of 2004, primarily due to higher sales levels and ongoing control of expenses.

The Company’s net cash provided by operating activities was $23.1 million for the nine months ended September 30, 2005 compared with $9.9 million in the nine months ended September 30, 2004. The Company generated EBITDA of $47.0 million in the nine months ended September 30, 2005, up $6.1 million, or 14.8%, from EBITDA of $40.9 million for the nine months ended September 30, 2004. With this performance, the Company set a new record for EBITDA generation in the first nine months of a year.

CADDY®          •          CADWELD®          •          CRITEC®          •          ERICO®          •          ERIFLEX®          •          ERITECH®          •          LENTON®

ERICO International Corporation	phone: (440) 349-2630
30575 Bainbridge Road, Suite 300	fax: (440) 349-2996
Solon, Ohio 44139	www.erico.com
USA

ERICO is a leading designer, manufacturer and marketer of precision-engineered specialty metal products serving global niche product markets in a diverse range of electrical, commercial and industrial construction, utility and rail applications. The Company is headquartered in Solon, Ohio, USA, with a network of sales locations serving more than 25 countries and with manufacturing and distribution facilities worldwide. For more information, visit www.erico.com.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

Statements in this release that are not historical facts are forward-looking statements, as that term is defined by the federal securities laws, and can be identified by the use of terminology such as “believe,” “may,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “continue,” “positioned,” “strategy” and similar expressions. These statements are only the Company’s predictions and not guarantees of future performance. The Company’s actual results may differ materially from those contained in the forward-looking statements in this release as a result of risks, uncertainties and contingencies that include, without limitation, general economic conditions in the markets in which the Company operates, industry related and other factors such as the availability of sufficient amounts of raw materials, particularly steel and copper, and the Company’s ability to acquire these raw materials on an economic basis; risks associated with foreign operations, including fluctuations in exchange rates of foreign currencies; competitive pressures on pricing; operational issues at the Company’s facilities; availability of financing to fund operations at anticipated rates and terms; prolonged work stoppages; governmental or regulatory policies; product warranty, product liability and product recall costs; rapid increases in health care costs; the Company’s acquisition activities; the Company’s substantial debt and leverage and ability to service its debt; the restrictive covenants contained in the agreements governing the Company’s indebtedness; the Company’s ability to realize revenue growth; the Company’s ability to implement initiatives designed to increase operating efficiencies and improve results; the loss of major customers; acts of war or terrorism; and other risks and uncertainties set forth under “Risk Factors” in the Company’s SEC filings, including its Annual Report on Form 10-K filed with the SEC on March 9, 2005 and available at www.sec.gov. The Company undertakes no obligation, except as required by law, to update these statements.

CADDY®          •          CADWELD®          •          CRITEC®          •          ERICO®          •          ERIFLEX®          •          ERITECH®          •          LENTON®

ERICO International Corporation and Subsidiaries
Condensed Consolidated Income Statements (Unaudited)
(Dollars in Thousands)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2005		2004		2005		2004
Net sales	$	104,435	$	92,398	$	294,513	$	267,960
Cost of sales		65,318		59,468		188,408		171,608
Gross profit		39,117		32,930		106,105		96,352
Operating expenses		23,435		22,356		68,058		64,667
Operating income		15,682		10,574		38,047		31,685
Interest expense, net		3,658		3,927		11,443		11,274
Foreign exchange loss (gain) net		196		212		662		(181	)
Other expense		—		500		—		1,736
Income before income taxes		11,828		5,935		25,942		18,856
Provision for income taxes		4,207		2,349		9,318		7,426
Net income	$	7,621	$	3,586	$	16,624	$	11,430

CADDY®          •          CADWELD®          •          CRITEC®          •          ERICO®          •          ERIFLEX®          •          ERITECH®          •          LENTON®

ERICO International Corporation and Subsidiaries
Condensed Consolidated Balance Sheets
(Dollars in Thousands, Except Per Share Amounts)

	September 30,			December 31,
	2005			2004
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	8,009		$	2,321
Trade accounts receivable, net		65,218			50,485
Inventories, net		47,262			59,600
Other current assets		6,078			8,909
Total current assets		126,567			121,315
Property, plant and equipment, net		43,958			52,522
Goodwill		101,847			101,303
Other intangible assets, net		36,844			36,905
Other assets		10,085			10,676
Total assets	$	319,301		$	322,721
Liabilities and stockholder’s net investment
Current liabilities:
Trade accounts payable	$	26,736		$	26,422
Accrued compensation		14,870			13,446
Dividend payable		—			15,000
Other current liabilities		20,587			21,874
Total current liabilities		62,193			76,742
Long-term debt		152,175			152,175
Deferred income taxes		29,082			28,894
Other long-term liabilities		15,195			16,785
Stockholder’s net investment:
Common stock, par value $1.00 per share, 1,500,000 shares authorized, 1 share issued and outstanding		—			—
Parent company investment		63,323			46,699
Accumulated other comprehensive (loss) income		(2,667	)		1,426
Total stockholder’s net investment		60,656			48,125
Total liabilities and stockholder’s net investment	$	319,301		$	322,721

CADDY®          •          CADWELD®          •          CRITEC®          •          ERICO®          •          ERIFLEX®          •          ERITECH®          •          LENTON®

ERICO International Corporation and Subsidiaries
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Dollars in Thousands)

	Nine Months Ended September 30,
	2005			2004
Operating activities
Net income	$	16,624		$	11,430
Depreciation and amortization		9,594			9,049
Other operating activities		(3,083	)		(10,558	)
Net cash provided by operating activities		23,135			9,921
Investing activities
Capital expenditures		(1,810	)		(2,024	)
Other investing activities		(559	)		(463	)
Net cash used in investing activities		(2,369	)		(2,487	)
Financing activities
Dividends paid		(15,000	)		(25,000	)
Net payments on revolving line of credit		—			(26,100	)
Proceeds from issuance of subordinated debt		—			121,500
Principal payments on long-term debt		—			(72,950	)
Financing fees paid		—			(5,582	)
Net cash used in financing activities		(15,000	)		(8,132	)
Effect of exchange rate changes on cash and cash equivalents		(78	)		15
Increase (decrease) in cash and cash equivalents		5,688			(683	)
Cash and cash equivalents at beginning of period		2,321			2,421
Cash and cash equivalents at end of period	$	8,009		$	1,738

CADDY®          •          CADWELD®          •          CRITEC®          •          ERICO®          •          ERIFLEX®          •          ERITECH®          •          LENTON®

The Company defines EBITDA, a non-GAAP financial measure, as net income plus income taxes, interest expense, net, depreciation, amortization and certain other non-cash, non-recurring items. The Company has chosen to present EBITDA because the Company believes it is a widely accepted financial indicator of a company’s ability to service and incur indebtedness and because EBITDA is used in the Company’s financial debt covenants. Additionally, management uses EBITDA, among other financial measures, for planning and forecasting purposes. However, EBITDA should not be considered as an alternative to net cash provided by operating activities as a measure of liquidity in accordance with GAAP. Since EBITDA is not calculated identically by all companies, the Company’s method of computation may not be comparable to those disclosed by other companies. Following is a reconciliation of EBITDA to net cash provided by operating activities, which the Company believes is the most directly comparable GAAP measure of a company’s ability to service and incur indebtedness:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2005			2004			2005			2004
Net cash provided by operating activities	$	14,316		$	3,318		$	23,135		$	9,921
Interest expense, net		3,658			3,927			11,443			11,274
Provision for income taxes		4,207			2,349			9,318			7,426
Foreign exchange (loss) gain, net		(196	)		(212	)		(662	)		181
Deferred taxes		209			233			1,345			690
Amortization of financing fees and discount on senior subordinated notes included in interest expense, net		(223	)		(287	)		(669	)		(686	)
Net changes in operating assets and liabilities		(3,554	)		4,009			3,069			12,109
EBITDA	$	18,417		$	13,337		$	46,979		$	40,915

Contact:	Polly Bloom
	Investor Relations
	(440) 542-1304

CADDY®          •          CADWELD®          •          CRITEC®          •          ERICO®          •          ERIFLEX®          •          ERITECH®          •          LENTON®