MHCO announces 17 cents for the quarter as they continue to build value. $8.90 book value. (Basic)
Sure, its down a little from last year but how many $4.50 stocks earn 17 cents in a quarter ?
Someone was accumulating stock again today. I wouldnt be suprised to see it hit a 52 week high soon.
Best Bid: 4.45 (500 shares)
Best Ask: 4.74 (500 shares) *
Date/Time of Last Inside Change: 15:47
TRADE DATA Last Sale: 4.50 Change: +0.50
Percent Change: +12.50
Tick: Up
Daily High: 4.50 Daily Low: 4.40
Opening Price: 4.40 Volume: 5,000
Annual High: 4.75
Annual Low: 2.23
Previous Close: 4.00
Beta Coefficient: 0.50
Last Trade Date/Time: 15:47
Moore-Handley Reports Results of Operations for the Quarter Ended June 30, 2005
Monday August 1, 2:48 pm ET
BIRMINGHAM, Ala., Aug. 1, 2005 (PRIMEZONE) -- Moore-Handley, Inc. (Other OTC:MHCO.PK - News), a Birmingham-based distributor of hardware and home center products, reported net income of $258,000 or $0.17 per diluted share for the quarter ended June 30, 2005 vs. $317,000 or $0.21 per diluted share for the same period in 2004.
Sales for the quarter were $41,173,000, up 6.5% from the same quarter last year. Sales for the six months ended June 30, 2005 were $85,522,000 or 4.7% above those in 2004. Net income for the six months ended June 30, 2005 was $423,000 or $0.26 per diluted share vs. net income of $647,000 or $0.39 per diluted share last year. Lower earnings resulted from pressure on gross margin, increased marketing expense, and higher interest costs.
Selected financial data follow:
Moore-Handley, Inc.
Selected Financial Data
(UNAUDITED) (UNAUDITED)
Quarter Ended Six Months Ended
June 30 June 30
======================== ========================
Operations: 2005 2004 2005 2004
=========== =========== =========== ===========
Sales $41,173,000 $38,652,000 $85,522,000 $81,679,000
Operating income 746,000 739,000 1,297,000 1,501,000
Income (loss)
before income tax 429,000 504,000 703,000 1,028,000
Net income
(loss) $ 258,000 $ 317,000 $ 423,000 $ 647,000
=========== =========== =========== ===========
Net income (loss)
per share
- basic $ 0.18 $ 0.22 $ 0.29 $ 0.41
=========== =========== =========== ===========
Net income (loss)
per share
- diluted $ 0.17 $ 0.21 $ 0.26 $ 0.39
=========== =========== =========== ===========
Weighted average
common shares
outstanding
Basic 1,467,000 1,467,000 1,467,000 1,587,000
=========== =========== =========== ===========
Diluted 1,547,000 1,507,000 1,620,000 1,666,000
=========== =========== =========== ===========
Balance Sheets:
June 30 - 2005 2004
-------------------------------------------------------
Current assets $44,005,000 $41,668,000
Other assets 483,000 202,000
Property & equipment, net 9,402,000 8,473,000
----------- -----------
Total assets 53,890,000 50,343,000
=========== ===========
Current liabilities 17,898,000 15,838,000
Long term debt 21,741,000 21,246,000
Deferred income taxes 1,193,000 947,000
Stockholders' equity 13,058,000 12,312,000
----------- -----------
Total liabilities &
stockholders' equity $53,890,000 $50,343,000 |
