Third quarter results:
- Revenues up slightly to $131.9 million;
- Net income of $7.4 million vs. $5.5 million for previous period; and
- EPS of $.16 per share vs. $.12 over prior period.
For the nine months:
- Revenues increased to $448.1 million from $443.9 million;
- Net income increased to $29.7 million, up 25%; and
- Net income per share increased $.13 to $.64 per share.
EBITDA* for the trailing twelve months ended January 29, 2011 increased to $72.1 million, up 21%.
“Even during what is usually our most challenging winter quarter, we continue to manage via the Margin/Package/Volume Matrix that resulted in strong earnings on nearly flat revenues,” stated Nick A. Caporella, Chairman and Chief Executive Officer. “We are quite pleased to continue our earnings growth plan, despite the ‘lackluster’ recovery of the U.S. economy and abnormally unseasonable consumption of carbonated soft drinks on the west coast.”
“LaCroix sparkling water, in innovative packaging, plus our Rip It energy fuel led all brands in performance and should continue to outperform with margin contributions,” continued Caporella.
“We operate in unique times, where revolts, instant foreign government failures, civil strife and natural disasters can immediately affect raw material costs and commodity availabilities . . . requiring our seasonedTeam National to ‘shift’ into a more effective mode and move ahead. We are an agile and efficient team that has excellent execution capabilities, nonetheless, some of these events often require the most compelling actions to maintain the forecasted operational integrity,” concluded Caporella.
National Beverage is highly innovative as a pace-setter in the changing soft-drink industry, featuring refreshment products that are geared toward the lifestyle/health-conscious consumer. Shasta®—Faygo®—Everfresh® and LaCroix® are aligned with Rip It® energy products to make National Beverage... America’s Flavor•Favorite—soft-drink company.