Next Inc returns high Q3 sales, executes largest single order
08 Oct '05
3 min read
The pricing was lower on this customer sale which reduced the gross profit margin.' Bill Hensley, the Company's CEO, stated, 'Their strong revenue growth is the result of collegiate sales to their existing customer base along with increased automotive and specialty branded offerings.
They are very pleased by their success in developing new customers and cross-selling recent product introductions and they're especially pleased that they shipped their largest single order in the company's history. They will continue to add attractive licenses to their product portfolio and continue to actively evaluate accretive acquisition opportunities. They expect strong revenue growth in the fourth quarter as well as positive earnings for the full fiscal year.'
Hensley further commented, 'Going forward, their operational staff is focused on increasing their margins and achieving meaningful earnings leverage at these higher revenue levels. They are hopeful that the Chinese trade issue will be resolved relatively soon, but meanwhile they have found alternative sourcing at competitive prices, mostly in Central and South America.
Their ability to produce and ship these large orders and restock popular items on very short notice is key to building their customer base and market share. They have streamlined and inserted efficiencies into their production process to ensure that they can continue to perform on this type of business, while generating appropriate returns for the Company.'
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