Top-News
Dienstag,
17.01.2017 22:30
von
PR Newswire
| Aufrufe: 92
Jewett-Cameron Announces 1st Quarter Financial Results
David Cameron ist ein britischer Politiker, der von 2010 bis 2016 als Premierminister des Vereinigten Königreichs diente.
©World Economic Forum
https://creativecommons.org/licenses/by/2.0/
PR Newswire
NORTH PLAINS, Ore., Jan. 17, 2017
NORTH PLAINS, Ore., Jan. 17, 2017 /PRNewswire/ -- Jewett-Cameron Trading Company Ltd. (NASDAQ: JCTCF) today reported financial results for the first quarter of fiscal 2017 ended November 30, 2016.
Sales for the first quarter of fiscal 2017 totaled $10.4 million compared to sales of $11.9 million for the first quarter of fiscal 2016. Income from operations was $792,505 compared to $885,204 for the first quarter ended November 30, 2016. Net income after other items and income taxes for the current quarter was $485,920, or $0.21 per share, compared to $532,245, or $0.21 per share, in the year-ago quarter.
"Our new warehouse expansion is now complete, and we will begin to utilize the additional space for both existing and new products this year," said CEO Don Boone. "In November, we added Charlie Hopewell as our new Chief Operating Officer. Charlie's extensive experience will help us grow our product lines and sales channels going forward."
As of May 31, 2016, the Company's cash position was $4.9 million, and there was no borrowing against its $3.0 million line of credit. The Company has historically utilized its cash position by implementing share repurchase programs as an effective method of enhancing shareholder value.
About Jewett-Cameron Trading Company Ltd.
Jewett-Cameron Trading Company is a holding company that, through its subsidiaries, operates out of facilities located in North Plains, Oregon. Jewett-Cameron Company's business consists of the manufacturing and distribution of specialty metal products and wholesale distribution of wood products to home centers and other retailers located primarily in the United States. Greenwood Products is a processor and distributor of industrial wood and other specialty building products principally to customers in the marine and transportation industries in the United States. MSI-PRO is an importer and distributor of pneumatic air tools, industrial clamps, and the Avenger Products line of sawblades and other products. Jewett-Cameron Seed Company is a processor and distributor of agricultural seeds. JC USA provides professional and administrative services, including accounting and credit services, to its subsidiary companies.
Forward-looking Statements
The information in this release contains certain forward-looking statements that anticipate future trends and events. These statements are based on certain assumptions that may prove to be erroneous and are subject to certain risks, including but not limited to, the uncertainties of the Company's new product introductions, the risks of increased competition and technological change in the Company's industry, and other factors detailed in the Company's SEC filings. Accordingly, actual results may differ, possibly materially, from predictions contained herein.
| JEWETT-CAMERON TRADING COMPANY LTD. | |||
| CONSOLIDATED BALANCE SHEETS | |||
| (Expressed in U.S. Dollars) | |||
| (Prepared by Management) | |||
| (Unaudited) | |||
| | |||
| | November 30, | | August 31, |
| | | | |
| ASSETS | | | |
| | | | |
| Current assets | | | |
| Cash | $ 4,899,362 | | $ 4,519,922 |
| Accounts receivable, net of allowance of $Nil (August 31, 2016 - $Nil) | 3,386,389 | | 3,342,204 |
| Inventory, net of allowance of $167,584 (August 31, 2016 - $176,717) (note 3) | 7,688,609 | | 8,069,017 |
| Prepaid expenses | 862,118 | | 832,895 |
| Prepaid income taxes | - | | 596 |
| | | | |
| Total current assets | 16,836,478 | | 16,764,634 |
| | | | |
| Property, plant and equipment, net (note 4) | 3,129,753 | | 2,954,595 |
| | | | |
| Intangible assets, net (note 5) | 132,367 | | 150,543 |
| | | | |
| Total assets | $ 20,098,598 | | $ 19,869,772 |
| | | | |
| LIABILITIES AND STOCKHOLDERS' EQUITY | | | |
| | | | |
| Current liabilities | | | |
| | | | |
| Accounts payable | $ 618,293 | | $ 839,972 |
| Accrued liabilities | 1,130,568 | | 1,473,792 |
| Income taxes payable | 310,974 | | - |
| | | | |
| Total current liabilities | 2,059,835 | | 2,313,764 |
| | | | |
| Deferred tax liability (note 6) | 28,188 | | 31,353 |
| | | | |
| Total liabilities | 2,088,023 | | 2,345,117 |
| | | | |
| Contingent liabilities and commitments (note 12) | | | |
| | | | |
| Stockholders' equity | | | |
| Capital stock (note 8, 9) | | | |
| Authorized | | | |
| 21,567,564 common shares, without par value | | | |
| 10,000,000 preferred shares, without par value | | | |
| Issued | | | |
| 2,286,294 common shares (August 31, 2016 – 2,286,294) | 1,078,759 | | 1,078,759 |
| Additional paid-in capital | 600,804 | | 600,804 |
| Retained earnings | 16,331,012 | | 15,845,092 |
| | | | |
| Total stockholders' equity | 18,010,575 | | 17,524,655 |
| | | | |
| Total liabilities and stockholders' equity | $ 20,098,598 | | $ 19,869,772 |
| JEWETT-CAMERON TRADING COMPANY LTD. | |||
| CONSOLIDATED STATEMENTS OF OPERATIONS | |||
| (Expressed in U.S. Dollars) | |||
| (Prepared by Management) | |||
| (Unaudited) | |||
| | |||
| | Three Months Ended | ||
| | 2016 | | 2015 |
| | | | |
| SALES | $ 10,421,804 Werbung Mehr Nachrichten zur Jewett-Cameron Trading Company Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News | ||
