Net sales for the three-month period ended November 30, 2012 were $51,880,000 compared to $57,882,000 for the three-month period ended November 30, 2011. The Company reported third quarter net earnings of $1,307,000, or $.54 per diluted share (which includes an after-tax gain on the sale of the remaining lot of the Company's former West New York, New Jersey facility totaling $452,000, or net earnings from operations of $855,000), compared to net earnings of $781,000, or $.31 per diluted share, in last year's comparable quarter.
Net sales for the nine-month period ended November 30, 2012 were $123,643,000 compared to $147,980,000 for the same period last year. Net earnings for the nine-month period ended November 30, 2012 were $681,000, or $.27 per diluted share (which includes an after-tax gain on the sale of the remaining lot of the Company's former West New York, New Jersey facility totaling $452,000, or net earnings from operations of $229,000).
This compares to net earnings of $2,927,000, or $1.18 per diluted share, (which included the after-tax gain on the previously reported sale of the Company's former West New York, Jew Jersey facility totaling $2,005,000, or $.82 after income taxes), in the same nine-month period ending November 30, 2011. Without this after-tax gain, net earnings from operations were $922,000.
Jaclyn, Inc. is a designer, manufacturer and marketer of apparel, women's sleepwear, infants' and children's apparel, handbags, premium incentives and related accessories.
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