EPS 0.20 beat est 0.17
DAYTON, Ohio, Feb 22 (Reuters) -
Miami Computer Supply Corporation
Consolidated Statement of Operations
(Unaudited)
Three Months Ended
December 31,
1998 1997
Net sales $115,965,250 $36,135,163
Cost of sales 92,373,127 29,574,200
Gross profit 23,592,123 6,560,963
Selling, general and
administrative expenses 18,729,456 5,319,207
Operating income 4,862,667 1,241,756
Interest expense (1,017,869) (104,404)
Other income 109,604 14,580
Income before income taxes 3,954,402 1,151,932
Provision for income taxes 1,734,716 457,705
Net income 2,219,686 694,227
Earnings per share of
common stock
(basic and diluted) 0.20 0.11
Weighted number of common
shares outstanding 11,151,490 6,106,328
Weighted number of common
shares outstanding -
assuming dilution 11,356,915 6,178,239
Miami Computer Supply Corporation
Consolidated Statement of Operations
(Unaudited)
Twelve Months Ended
December 31,
1998 1997
Net sales $313,762,278 $107,486,652
Cost of sales 246,669,789 88,190,214
Gross profit 67,092,489 19,296,438
Selling, general and
administrative expenses 53,389,669 15,440,937
Operating income 13,702,820 3,855,501
Interest expense (2,610,713) (180,373)
Other income 227,013 43,501
Income before income taxes 11,319,120 3,718,629
Provision for income taxes 4,994,290 1,507,020
Net income 6,324,830 2,211,609
Earnings per share of
common stock -- basic 0.66 0.39
Earnings per share of
common stock -- diluted 0.65 0.39
Weighted number of common
shares outstanding 9,536,957 5,671,833
Weighted number of common
shares outstanding --
assuming dilution 9,677,285 5,722,440
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