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Coleman Cable, Inc. (NASDAQ:CCIX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.96%.
Coleman Cable, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 471.43% to $0.40 in the quarter versus EPS of $0.07 in the year-earlier quarter.
Revenue: Rose 12.93% to $233.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Coleman Cable, Inc. reported adjusted EPS income of $0.40 per share. By that measure, the company beat the mean analyst estimate of $0.28. It beat the average revenue estimate of $222.02 million.
Quoting Management: President and CEO Gary Yetman stated, “We finished 2012 on a very strong note as our fourth quarter profitability, driven by higher sales and a significant increase in gross profit, exceeded our expectations and contributed to an outstanding year. The year-over-year gross profit improvement during the fourth quarter was fairly broad based with particularly strong performance within our Distribution segment. These factors, coupled with the diversity of our platform and our continued focus on improving our operations, favorably impacted profitability on a year-over-year basis.”
Key Stats (on next page)…
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