McRae Industries Inc. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended October 27, 2012
January 09, 2013 at 03:00 am IST
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McRae Industries Inc. reported consolidated unaudited earnings results for the first quarter ended October 27, 2012. For the quarter, the company reported net revenues of USD 24.864 million compared to USD 20.195 million a year ago. Earnings before income taxes were USD 3.158 million compared to USD 2.261 million a year ago.
Net earnings were USD 1.943 million compared to USD 1.379 million a year ago. Diluted earnings per share on class A shares were USD 0.87 compared to USD 0.63 a year ago. Net cash used in by operating activities were USD 2.412 million compared to USD 1.324 million a year ago.
Capital expenditures were USD 0.142 million compared to USD 0.061 million a year ago.
McRae Industries, Inc. is a manufacturer and distributor of childrenâs shoes. The Companyâs principal lines of business are manufacturing and selling military combat boots, western and work boots. The Company is involved in manufacturing, selling and distributing boot products targeted to the western/lifestyle and work boot markets. The Company also operates other smaller businesses. Its western/lifestyle boot segment, which includes western, ladiesâ fashion, and childrenâs footwear products under the Dan Post, Dingo, Eldorado, and Laredo brand names. Its work boot segment, which consists of Dan Post and Laredo work boots, as well as its military combat boots. McRae Footwear is a wholly owned division of the Company, which manufactures boots for the United States military. The Dingo offers boots and shoes from biker/harness styles to western fashion.
MCRAE INDUSTRIES, INC. 
