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Last $0.82 USD
Change Today -0.03 / -3.53%
Volume 59.9K
CRVP On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

crystal rock holdings inc (CRVP) Snapshot

Open
$0.83
Previous Close
$0.85
Day High
$0.85
Day Low
$0.80
52 Week High
07/14/15 - $0.90
52 Week Low
06/17/15 - $0.62
Market Cap
17.5M
Average Volume 10 Days
42.1K
EPS TTM
$-0.0070
Shares Outstanding
21.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CRYSTAL ROCK HOLDINGS INC (CRVP)

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crystal rock holdings inc (CRVP) Details

Crystal Rock Holdings, Inc. engages in producing, marketing, and distributing bottled water; and distributing coffee, ancillary and office products, and other refreshment products in New England, New York, and New Jersey. The company rents and sells water coolers in various consumer preferences, such as cold, or hot and cold dispensing units to customers to dispense bottled water; and sells and rents units to commercial accounts that filter water from the existing source on site. It also rents and sells coffee brewing equipment; distributes various coffee, tea, and other hot beverage products and related supplies, as well as consumable products used around the office, and soft drinks and snacks; and offers vending services. The company markets and distributes its water products to homes and offices under the Crystal Rock Waters and Vermont Pure Natural Spring Water brands in three and five gallon bottles, as well as in various small pack cases; office products under the Crystal Rock Office and Universal Business brands; and coffee under the Cool Beans, Baronet, and Green Mountain Coffee Roasters brands, as well as re-sells other coffee and tea selections. Crystal Rock Holdings, Inc. distributes its products directly, as well as through third party distributors and vending machines; and Internet. The company was formerly known as Vermont Pure Holdings, Ltd. and changed its name to Crystal Rock Holdings, Inc. in May 2010. Crystal Rock Holdings, Inc. was founded in 1989 and is headquartered in Watertown, Connecticut.

356 Employees
Last Reported Date: 01/27/15
Founded in 1989

crystal rock holdings inc (CRVP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $320.0K
Executive Vice President and Director
Total Annual Compensation: $320.0K
Secretary
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2014.

crystal rock holdings inc (CRVP) Key Developments

Crystal Rock Holdings, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended April 30, 2015

Crystal Rock Holdings, Inc. reported unaudited earnings results for the second quarter and six months ended April 30, 2015. For the quarter, the company's total sales increased 1% to $18.7 million compared to $18.6 million during the same period in fiscal 2014. The company had a net loss for the quarter of $641,000 compared to net income of $127,000 a year ago. On a per share basis, the net loss was $0.03 per fully diluted share compared to net income of $0.01 per fully diluted share in for the same period in fiscal 2014. Loss from operations was $0.651 million against income from operations of $0.355 million a year ago. Total sales for the six months ended April 30, 2015 decreased 2% to $36.4 million compared to $37.0 million during the same period in fiscal 2014. The company had a net loss of $1.1 million compared to a net loss of $720,000 for the six month period ended April 30, 2014. On a per share basis, the net loss was $0.05 per fully diluted share compared to a net loss of $0.03 per fully diluted share for the same period in fiscal 2014. Loss from operations was $0.955 million against $0.411 million a year ago.

Crystal Rock Holdings, Inc. Enters into Second Amended and Restated Credit Agreement

On May 20, 2015, Crystal Rock Holdings, Inc. entered into a second amended and restated credit agreement with Bank of America, N.A. This supersedes the prior amended and restated credit agreement with the same lender. The amendment is a senior financing facility that includes a term loan of $12,000,000 payable over a 5-year period in 59 equal monthly installments of $133,333 with a final payment of $4,133,333 due in May 2020. The Amendment also includes a revolving line of credit of $5,000,000. There were no changes in the applicable margins for outstanding balances of term debt or outstanding line of credit amounts; in general, interest is paid at a rate of one-month LIBOR plus a margin based on the achievement of specified leverage ratios. As of the closing date, the margins were 3.00% for the term loan and 2.75% for the line of credit. The amendment includes restrictive covenants that are substantially the same as set out in the fifth amendment to the credit agreement dated January 14, 2015. Subordinated Debt Payments. Section 10.8 of the amendment allows for immediate payments to subordinated debt holders in the amount of $1,000,000 with provisions permitting additional payments of up to $1,000,000 in the future if certain conditions are met. In conjunction with the revision of Section 10.8, the board of directors of the company approved the immediate payment of $1,000,000 to subordinated debt holders.

Crystal Rock Holdings, Inc. Announces Management Changes, Effective May 1, 2015

On April 21, 2015, the Board of Directors of Crystal Rock Holdings, Inc. designated David Jurasek, the company's Vice President of Finance and Assistant Secretary, as its principal financial officer and principal accounting officer, effective at the close of business on May 1, 2015. Mr. Jurasek, age 56, joined Crystal Rock in September 1995 and has served as its Controller, Director of Finance and Vice President of Finance. On April 21, 2015, the Board of Directors set the size of the full Board at seven and appointed Bruce MacDonald to fill the vacancy on the Board, effective at the start of business on May 1, 2015.

 

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Industry Analysis

CRVP

Industry Average

Valuation CRVP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 5.2x
Price/Cash Flow 32.4x
TEV/Sales NM Not Meaningful
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