Crystal Rock Holdings, Inc. Announces Financial Results for Periods Ended April 30, 2012
(firmenpresse) - WATERTOWN, CT -- (Marketwire) -- 06/14/12 -- Crystal Rock Holdings, Inc. (NYSE Amex: CRVP) announced its financial results for the three and six month periods ended April 30, 2012. These results will be filed on Form 10-Q with the Securities and Exchange Commission today.
Total sales for the three months ended April 30, 2012, the Company's second fiscal quarter, were $17.6 million, essentially the same as the comparable quarter of 2011. Gross profit decreased 3%, for the second quarter 2012 to $8.8 million from $9.1 million in the same quarter a year earlier. Gross profit as a percentage of sales for the second quarter decreased to 50% in 2012 from 51% in 2011. Income from operations in the three months ended April 30, 2012 was $731,000, a $423,000 decrease from $1,154,000 in the same period of 2011. Net income for the quarter ended April 30, 2012 was $95,000 compared to net income of $365,000 in the quarter ended April 30, 2011.
Total sales for the six months ending April 30, 2012 were $34.8 million, the same as the corresponding period in 2011. For the six months ended April 30, 2012, gross profit decreased $431,000, or 2%, to $17.4 million from $17.9 million for the comparable period in 2011. As a percentage of sales, gross profit decreased to 50% in the first half of 2012 from 51% in the first half of 2011. Income from operations decreased $571,000, or 33%, to $1.2 million for the first six months of 2012 from $1.8 million for the same period in 2011. Net income was $41,000 for the six months ended April 30, 2012 compared to $366,000 for the comparable period last year.
"We are encouraged by progress and second quarter growth in the water and office product categories; this was offset by a decrease in k-cup and complementary product sales -- resulting in sales similar to a year ago," said Peter Baker, C.E.O. of Crystal Rock Holdings, Inc. "As our sales and marketing department continues to develop and implement a stronger revenue pipeline by leveraging an investment in personnel and information technology, we continue to brace against an uncertain economic climate and aggressive market behaviors. These variables have contributed to lower profitability for the quarter and year to date, while priming us for long term growth and stability."
Crystal Rock Holdings, Inc. (NYSE Amex: CRVP), operating through its subsidiary Crystal Rock LLC, markets and distributes water, coffee, office supplies and other home and office refreshment products throughout the Northeast. The company is the largest independent home and office distributor of its kind in the United States. It bottles and distributes natural spring water under the Vermont Pure® brand, purified water with minerals added under the Crystal Rock® Waters label and roasts and packages coffee under its Cool Beans® brand. The majority of its sales are derived from a route distribution system that delivers water in 3- to 5-gallon reusable, recyclable bottles, and coffee in fractional packs or pods. With a new identity and the tagline, "Little Things Matter(SM)," Crystal Rock continues to set high standards in the home and office refreshment industry through technical innovation, a commitment to the environment, and the integration of its family roots into relationships with employees and customers. More information is available at .
.
Peter Baker
CEO
860-945-0661 Ext. 3001
Bruce MacDonald
CFO
802-658-9112 Ext.15
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2012 - 14:00 Uhr
Sprache: Deutsch
News-ID 1124609
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
WATERTOWN, CT
Phone:
Kategorie:
Beverages
Anmerkungen:
Diese Pressemitteilung wurde bisher 108 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Crystal Rock Holdings, Inc. Announces Financial Results for Periods Ended April 30, 2012
"
steht unter der journalistisch-redaktionellen Verantwortung von
Crystal Rock Holdings, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
