LYNDHURST, N.J., Feb. 28, 2018 /PRNewswire/ -- CCA
Industries, Inc. (NYSE AMERICAN: "CAW"), announced today its fourth
quarter and full year results for the period ended November 30, 2017. The results can be found
on the chart below.
Total net income was $1,831,181
for the year ended November 30, 2017
as compared to income of $1,181,210
for the year ended November 30, 2016,
an increase of 55%. Total net income for the quarter ended
November 30, 2017 increased to
$568,196 as compared to income of
232,797 for the same period in fiscal 2016. Lance Funston, Chief Executive Officer
commented, "We have now reported two consecutive years of
increasing profits. Our increase in net income of 55% was due
to management's efforts to control costs and eliminate less
profitable products. Our operating cash flow over the past
two years has been used primarily to reduce the Company's debts
related to its restructuring program with an over $3 million reduction in fiscal 2017 alone.
Now that the Company is on a stable operating platform, we will be
turning our focus to growing top line sales. We are fully
committed to increasing both the top line sales and bottom line
profits to bring increased value to all of our shareholders."
The Company will discuss more of its sales and marketing growth
plans tomorrow when it holds the fiscal 2017 year-end investor
phone call. Investors may phone (866) 393-4306 to participate
in the call. We invite any of our current or potential
shareholders to join us. The earnings call may also be
accessed through a live audio webcast at:
https://event.on24.com/wcc/r/1550712/5A6DC5C0584D4B8CC314AA565C16803E
Further information may also be found on the Company's investor
web site: www.ccainvestor.com
CCA Industries, Inc. manufactures and markets health and beauty
aids, each under its individual brand name. The products include,
principally, "Plus+White" toothpastes and teeth whiteners, "Bikini
Zone" medicated topical and shave gels, "Nutra Nail" nail care treatments, "Porcelana"
skin care products, "Scar Zone" scar treatment products and "Sudden
Change" anti-aging skin care products.
Statements contained in the news release that are not
historical facts are forward looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and
uncertainties, which would cause actual results to differ
materially, from estimated results. Such risks and uncertainties
are detailed in the Company's filings with the Securities and
Exchange Commission. No assurance can be given that the results in
any forward-looking statement will be achieved and actual results
could be affected by one or more factors, which could cause them to
differ materially. For these statements, we claim the protection of
the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act.
CCA INDUSTRIES,
INC.
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Three Months
Ended
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November 30,
2017
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November 30,
2016
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Revenues
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$
4,110,669
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$
4,223,356
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Income from
Continuing Operations
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$
568,196
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$
231,388
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Income from
Discontinued Operations
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$
---
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$
1,409
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Net Income
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$
568,196
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$
232,797
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Net Earnings per
Share:
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Basic
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Continuing
Operations
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$
0.08
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$
0.03
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Discontinued
Operations
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$
0.00
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$
0.00
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Total Earnings per
Share
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$
0.08
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$
0.03
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Net Earnings per
Share:
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Diluted
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Continuing
Operations
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$
0.08
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$
0.03
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Discontinued
Operations
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$
0.00
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$
0.00
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Total Earnings per
Share
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$
0.08
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$
0.03
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Weighted Average
Shares Outstanding:
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Basic
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7,006,684
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7,006,684
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Diluted
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7,006,684
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|
7,006,684
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Twelve Months
Ended
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November 30,
2017
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November 30,
2016
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Revenues
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$
19,830,098
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$
19,628,744
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Income from
Continuing Operations
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$
1,831,181
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$
1,192,684
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(Loss) from
Discontinued Operations
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$
---
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$
(11,474)
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Net Income
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$
1,831,181
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$
1,181,210
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Net Earnings per
Share:
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Basic
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Continuing
Operations
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$
0.26
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$
0.17
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Discontinued
Operations
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$
0.00
|
|
$
0.00
|
Total Earnings per
Share
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$
0.26
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|
$
0.17
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Net Earnings per
Share:
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Diluted
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Continuing
Operations
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$
0.26
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$
0.17
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Discontinued
Operations
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$
0.00
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|
$
0.00
|
Total Earnings per
Share
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$
0.26
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$
0.17
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Weighted Average
Shares Outstanding:
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Basic
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7,006,684
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|
7,006,684
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Diluted
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7,006,684
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7,021,764
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SOURCE CCA Industries, Inc.