QUARTERLY RESULTS

12 Months Ended

Jun. 30, 2018

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS

QUARTERLY RESULTS

The following table sets forth unaudited financial data for each of the Company's last eight fiscal quarters (in thousands except for per share data):

	Fiscal Year Ended June 30, 2018 (1),
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net Sales	$	21,174	$	21,112	$	22,200	$	27,260
Gross Profit		8,486		8,479		8,892		12,138
Operating Income		1,059		1,166		1,912		4,277
Net Income		890		1,233		1,829		3,697
Net Income Per Share
Basic EPS		.05		.07		.10		.20
Diluted EPS		.05		.07		.10		.20

	Fiscal Year Ended June 30, 2017 (1),
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net Sales	$	20,168	$	20,715	$	20,807	$	25,684
Gross Profit		8,080		8,226		8,361		11,634
Operating Income		716		1,064		1,136		3,462
Net Income		568		857		952		3,222
Net Income Per Share(1):
Basic EPS		.03		.05		.05		.17
Diluted EPS		.03		.05		.05		.17

(1) Certain prior period balances have been reclassified to conform with the current period presentation.

Seasonality

The Company's fiscal year begins on July 1 and ends on June 30. Historically, the end users of the Company’s products want to install its products prior to the summer; therefore sales of its products historically peak in the period April 1 through June 30, the Company's fiscal fourth quarter, and are reduced in the period July 1 through September 30, the Company's fiscal first quarter. In addition, demand is affected by the housing and construction markets. Deterioration of the current economic conditions may also affect this trend.