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Jaclyn reports second quarter financial results
18
Oct '11
Jaclyn Inc reported financial results for the second quarter ended August 31, 2011.

Net sales for the three-month period ended August 31, 2011 were $48,579,000 compared to $43,169,000 for the three-month period ended August 31, 2010. The Company reported second quarter net earnings of $2,550,000, or $1.02 per diluted share, which includes the previously reported after-tax gain on the sale of the Company's West New York, NJ facility totaling $2,063,000, or $.83 per diluted share. This compares to a net loss of $110,000, or $.04 per diluted share in the second quarter ended August 31, 2010.

Net sales for the six-month period ended August 31, 2011 were $90,098,000 compared to $78,708,000 for the same period last year. Net earnings for the six-month period ended August 31, 2011 was $2,146,000, or $.86 per diluted share, which also includes the previously reported gain of $2,063,000, or $.83 after income taxes, on the sale of the Company's West New York, NJ facility. For the comparable six-month period in the prior fiscal year, the Company reported a net loss of $319,000, or $.13 per diluted share.

Jaclyn, Inc. is a designer, manufacturer and marketer of apparel, women's sleepwear, infants' and children's apparel, handbags, premium incentives and related accessories.

Jaclyn Inc

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