jaclyn inc (JCLY) Key Developments
Jaclyn Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 30, 2014
Jan 12 15
Jaclyn Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended November 30, 2014. For the quarter, the company reported net sales were $44,860,000 compared to $47,153,000 for the three-month period ended November 30, 2013. The Company reported net earnings of $573,000, or $0.25 per diluted share, for the quarter ended November 30, 2014 compared to net earnings in last year's third quarter of $460,000 or $0.20 per diluted share.
Net sales for the nine-month period ended November 30, 2014 were $119,441,000 compared to $124,089,000 for the same period last year. Net earnings for the nine-month period ended November 30, 2014 were $145,000 or $0.06 per diluted share. This compares to net earnings of $6,000 or $0.00 per diluted share, in the comparable nine-month period last year.
Jaclyn Inc. Reports Consolidated Unaudited Financial Results for the Second Quarter and Six Months Ended August 31, 2014
Oct 9 14
Jaclyn Inc. reported consolidated unaudited financial results for the second quarter and six months ended August 31, 2014. For the quarter, the company reported net sales of $42,991,000 against $44,217,000 a year ago. Net earnings were $502,000 against $539,000 a year ago. Net earnings per diluted share was $0.22 against $0.24 a year ago.
For the six months, the company reported net sales of $74,581,000 against $76,939,000 a year ago. Net loss was $428,000 against $454,000 a year ago. Net loss per diluted share was $0.19 against $0.20 a year ago.
Jaclyn Inc. Announces Amendment and Extension of Credit Facility
Sep 24 14
Jaclyn Inc. announced that it has entered into an amendment and extension of its revolving credit facility with TD Bank, N.A., as Agent and a lender, and Israel Discount Bank of New York, as a lender. The term of the credit facility was extended until November 30, 2017. In addition, the maximum principal amount of revolving loans and face amount of letters of credit under the credit facility was set at $50,000,000; applicable interest rates were reduced to the prime rate less 0.25% or, at the company's option, 200 basis points above a floating 30-day Libor rate, or a fixed Libor rate for interest periods of 1, 2, or 3 months; and the company will no longer be required to pay a fee on the unused portion of the credit facility (previously 0.25% on the first $30,000,000 available under the credit facility). The company's non-real estate assets are pledged to the bank as collateral. The credit facility continues to require the company to maintain a specified minimum tangible net worth and interest coverage, as well as a debt to equity requirement, each measured annually.
Jaclyn, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 31, 2014
Jul 10 14
Jaclyn Inc. reported unaudited consolidated earnings results for the first quarter ended May 31, 2014. Net sales for the three-month period ended May 31, 2014 were $31,590,000 compared to $32,719,000 for the three-month period ended May 31, 2013. The company reported a first quarter net loss of $930,000, or $0.41 per diluted share, compared to a net loss of $993,000, or $0.44 per diluted share, in last year's comparable quarter.
Jaclyn Inc. Reports Consolidated Earnings Results for the Full Year Ended February 28, 2014
May 22 14
Jaclyn Inc. reported consolidated earnings results for the full year ended February 28, 2014. For the year, net sales were $172,882,000 against $169,483,000 a year ago. Net earnings were $285,000 against $789,000 a year ago. Net earnings per common share - diluted were $0.13 against $0.33 a year ago.