MHCO had another gangbuster quarter, 21 cents versus 7 cents the prior year. Stock seems to be under accumulation at around $6.50.
I continue to think all these hurricanes will mean good sales & earnings for years to come for MHCO.
Moore-Handley Reports Results of Operations for the Quarter Ended September 30, 2005
Monday October 17, 3:26 pm ET
BIRMINGHAM, Ala., Oct. 17, 2005 (PRIMEZONE) -- Moore-Handley, Inc. (Other OTC:MHCO.PK - News), a Birmingham-based distributor of hardware and home center products, reported net income of $320,000 or $0.21 per diluted share for the quarter ended September 30, 2005 vs. a net income of $110,000 or $0.07 per diluted share for the same period in 2004.
Sales for the quarter were $48,936,000 up 12.5% from the same quarter last year. Sales for the nine months ended September 30, 2005 were $134,458,000 or 7.4% above those for the comparable period in 2004. The net income for the nine months ended September 30, 2005 was $743,000 or $0.46 per diluted share vs. net income of $758,000 or $0.46 per diluted share for the same period last year.
Moore-Handley, Inc.
Selected Financial Data
(UNAUDITED)
Quarter Ended Nine Months Ended
September 30 September 30
========================= =========================
2005 2004 2005 2004
============ ============ ============ ============
Operations:
Sales $ 48,936,000 $ 43,482,000 $134,458,000 $125,159,000
Operating income 833,000 429,000 2,130,000 1,930,000
Income before
income tax 533,000 175,000 1,236,000 1,204,000
Net income $ 320,000 $ 110,000 $ 743,000 $ 758,000
============ ============ ============ ============
Net income per
share - basic $ 0.22 $ 0.07 $ 0.51 $ 0.49
============ ============ ============ ============
Net income per
share - diluted $ 0.21 $ 0.07 $ 0.46 $ 0.46
============ ============ ============ ============
Weighted average
common shares
outstanding:
Basic 1,467,000 1,467,000 1,467,000 1,547,000
============ ============ ============ ============
Diluted 1,560,000 1,520,000 1,631,000 1,634,000
============ ============ ============ ============
Balance Sheets:
September 30 - 2005 2004
-----------------------------------------------------------------
Current assets $53,474,000 $48,692,000
Other assets 512,000 715,000
Property & equipment, net 9,310,000 8,793,000
----------- -----------
Total assets 63,296,000 58,200,000
=========== ===========
Current liabilities 26,702,000 21,664,000
Long term debt 22,021,000 23,169,000
Deferred income taxes 1,193,000 947,000
Stockholders' equity 13,380,000 12,420,000
----------- -----------
Total liabilities &
stockholders' equity $63,296,000 $58,200,000
=========== ===========
-----------------
In other stocks, TGIS might be worth mentioning. They earned 25 cents last quarter and will be moving back to the nasdaq smallcap market from the otcbb soon. That fact has not been public except for those who listened to the conference call or read the 8k.
Not a lot of $6 stocks earned 25 cents last quarter AND will be moving back to the nasdaq. Gotta think that might catch a few eyeballs before or after the relisting. |
