717 0 Kommentare Northampton 2014 Sales Up 7.2% While EPS More Than Doubles in the Fourth Quarter, Sales Rise 5.1% But Costs Up 12.5% - Seite 2

Gross profit for fiscal 2014 rose 4.6% to $14,084,752 from $13,470,777 in the prior year for gross profit margin of 46% versus 47.2% in the prior year, reflecting higher costs;

EBITDA (earnings before income taxes, interest, depreciation, and amortization) in the year ended March 31, 2014 increased 25.4% to $8,135,412 from $6,487,987 in the prior year, and decreased 18.0% to $664,470 from $809,951 in the fourth quarter in the previous year;

Net income for the fiscal year rose 115.8% to $1,670,869 from $774,195 in fiscal 2013. Net income for the quarter fell to ($280,804) from ($40,213) in the previous year;

Earnings per share in fiscal 2014 rose 115.8% to $0.064 per share compared to $0.030 in the previous year. In the quarter, earnings per share decreased to ($0.011) from ($0.002) in the prior period;

Cash flow, or net income plus amortization, increased 28.8% in fiscal 2014 to $4,514,351 or $0.173 per share. In the quarter, cash flow decreased to $478,335 or $0.018 per share from $521,137 or ($0.020) per share in the prior period;

Same-hotel sales rose in most of Northampton's portfolio;

Northampton's Board of Directors approved the payment of a dividend of $0.02 per common share, payable to shareholders of record on December 9, 2013 and disbursed December 18, 2013;

As announced by Northampton in a news release on July 9, 2014, Northampton received a proposal from an existing shareholder to purchase all outstanding shares of the company. The Board has appointed a Special Committee of independent directors to evaluate this proposal;

On July 24, 2014, the Special Committee retained The Commercial Capital Corporation as financial advisor to advise the Special Committee in respect of, among other things, this proposal.

The following is a tabulated summary of Northampton's results from continuing operations:

	Three months ended March 31			Twelve months ended March 31
	2014	2013*	% change	2014	2013*	% change
Revenues	6,380,660	6,068,445	5.1	30,614,114	28,568,630	7.2
Gross profit	2,263,516	2,410,128	-6.1	14,084,752	13,470,777	4.6
Pre-tax profit	(534,591)	(203,825)	--	3,429,512	1,834,680	86.9
Profit	(332,291)	(128,325)	--	2,636,512	1,239,680	112.7
Net income	(280,804)	(40,213)	--	1,670,869	774,195	115.8
Earnings per share	(0.011)	(0.002)	--	0.064	0.030	115.8
Cash flow	478,335	521,137	-8.2	4,514,351	3,505,726	28.8
Cash flow per share	0.018	0.020	-8.2	0.173	0.134	28.1
EBITDA	664,470	809,951	-18.0	8,135,412	6,487,987	25.4