National Beverage Corp.
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(Exact Name of Registrant as Specified in Its Charter)
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Delaware | |
(State or Other Jurisdiction of Incorporation)
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1-14170 | 59-2605822 |
(Commission File Number) | (IRS Employer Identification No.) |
8100 SW Tenth Street, Suite 4000
Fort Lauderdale, Florida
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33324 |
(Address of Principal Executive Offices) | (Zip Code) |
(954) 581-0922
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(Registrant’s Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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(c) Exhibit 99.1
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Press release dated December 8, 2011 announcing the Company’s financial results for the three and six months ended October 29, 2011.
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National Beverage Corp.
(Registrant)
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Date: December 8, 2011
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By:
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/s/ Dean A. McCoy | |
Dean A. McCoy
Senior Vice President and Chief Accounting Officer
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99.1
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Press release dated December 8, 2011 announcing the Company’s financial results for the three and six months ended October 29, 2011.
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Revenues for the six months increased to $327.1 million
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Net income increased to $24.6 million
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Earnings per share increased to $.53
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Sales | EBITDA* | Free Cash Flow* | ||
$611.1 million | $76.7 million | $65.6 million |
National Beverage Corp.
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Consolidated Results for the Three and Six Months Ended
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October 29, 2011 and October 30, 2010
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(in thousands, except per share amounts)
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Three Months Ended
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Six Months Ended
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October 29,
2011 |
October 30,
2010 |
October 29,
2011 |
October 30,
2010 |
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Net Sales
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$ | 157,974 | $ | 151,127 | $ | 327,054 | $ | 316,157 | ||||||||
Net Income
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$ | 11,123 | $ | 10,207 | $ | 24,558 | $ | 22,260 | ||||||||
Net Income Per Share
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Basic
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$ | .24 | $ | .22 | $ | .53 | $ | .48 | ||||||||
Diluted
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$ | .24 | $ | .22 | $ | .53 | $ | .48 | ||||||||
Average Common Shares
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Outstanding
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Basic
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46,272 | 46,161 | 46,257 | 46,159 | ||||||||||||
Diluted
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46,448 | 46,367 | 46,426 | 46,360 |
Trailing 12 Months Ended
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October 29, 2011
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Net Income (GAAP)
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$ | 43,052 | ||
Depreciation and Amortization
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10,784 | |||
Interest (Income) Expense - Net
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20 | |||
Provision for Income Taxes
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22,815 | |||
EBITDA (Non-GAAP)
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$ | 76,671 | ||
EBITDA (above)
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$ | 76,671 | ||
Additions to Property, Plant & Equip.
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(11,036 | ) | ||
Free Cash Flow (Non-GAAP)
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$ | 65,635 |