Jaclyn, Inc. Reports Results for Quarter and Six-Months Ended December 31, 2004
14 Febrero 2005 - 2:52PM
PR Newswire (US)
Jaclyn, Inc. Reports Results for Quarter and Six-Months Ended
December 31, 2004 WEST NEW YORK, N.J., Feb. 14
/PRNewswire-FirstCall/ -- Jaclyn, Inc. (AMEX: JLN) today reported
financial results for the quarter and six-months ended December 31,
2004. Net Sales for the quarter were $38,441,000 compared to
$38,745,000 for last year's comparable quarter. The Company
reported net earnings of $156,000, or $.06 per diluted share, for
the quarter ended December 31, 2004. This compares to net earnings
of $899,000, or $.33 per diluted share, for the same period last
year. Net sales for the six-month period ended December 31, 2004
were $74,246,000, compared to $68,641,000 for the same period last
year. Net earnings for the six-month period ended December 31, 2004
were $1,021,000, or $.38 per diluted share, compared to net
earnings of $1,257,000, or $.46 per diluted share, in the first six
months of the prior year. Mr. Allan Ginsburg, Chairman of the
Board, stated that "earnings for the quarter declined when compared
to the same period last year, mostly the result of lower margins on
shipments in this year's second quarter due primarily to heavier
shipments in a more competitive environment for our premium
business, and increased customer allowances and higher shipping
costs in our children's apparel and women's sleepwear business." He
added . . . "sales and earnings for the second half of fiscal 2005
are expected to be significantly below last year's second half,
and, as a result, full year results are anticipated to be lower
than in fiscal 2004." Note: This press release may contain
forward-looking statements that are being made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. The Company's actual performance and results may vary as a
result of a number of risks, uncertainties and other factors, both
foreseen and unforeseen, including general economic and business
conditions, competition in the accessories and apparel markets,
continuing favorable sales patterns, pricing and consumer buying
trends. Jaclyn, Inc. is a designer, manufacturer and marketer of
apparel, women's sleepwear, infants' and children's apparel,
handbags, premiums and related accessories. Website:
http://www.jaclyninc.com/ Jaclyn, Inc. and Subsidiaries Condensed
Consolidated Statements of Earnings Three Months Six Months Ended
December 31, Ended December 31, 2004 2003 2004 2003 Net Sales
$38,441,000 $38,745,000 $74,246,000 $68,641,000 Earnings before
income taxes $357,000 $1,582,000 $ 1,853,000 $2,245,000 Net
earnings $156,000 $899,000 $1,021,000 $1,257,000 Net earnings per
Common Share- basic $.06 $.35 $.40 $ .49 Net earnings per Common
Share- diluted $.06 $.33 $.38 $ .46 Average Number of Shares
Outstanding- diluted 2,726,000 2,733,000 2,700,000 2,721,000
DATASOURCE: Jaclyn, Inc. CONTACT: Anthony Christon, Chief Financial
Officer of Jaclyn, Inc., +1- 201-868-9400 Web site:
http://www.jaclyninc.com/
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