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Net revenues for McRae military boot business up

29
Mar '08
McRae Industries, Inc. reported consolidated net revenues for the second quarter of fiscal 2008 of $20,773,000 as compared to $17,123,000 for the second quarter of fiscal 2007.

Net earnings for the second quarter of fiscal 2008 amounted to $1,442,000, or $.64 per diluted Class A common share as compared to net earnings of $806,000, or $.38 per diluted Class A common share, for the second quarter of fiscal 2007.

Consolidated net revenues from operations for the first six months of fiscal 2008 totaled $42,078,000 as compared to $34,688,000 for the first six months of fiscal 2007.

Net earnings for the first six months of fiscal 2008 amounted to $3,291,000 or $1.43 per diluted Class A common share as compared to net earnings of $2,230,000, or $1.00 per diluted Class A common share, for the first six months of fiscal 2007.

The net earnings for the first six months of fiscal 2007 included $860,000, or $.33 per diluted Class A common share, related to the sale of our Florida property.

SECOND QUARTER FISCAL 2008 COMPARED TO SECOND QUARTER FISCAL 2007
Consolidated net revenues for the second quarter of fiscal 2008 totaled $20.8 million as compared to $17.1 million for the second quarter of fiscal 2007.

This growth in net revenues was primarily attributable to higher U.S. Government requirements for military combat boots related to the contract awarded in May 2007 and to strong demand for our branded products,both work boots and children's footwear.


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