CCA Industries, Inc. announced its results for the second quarter ended May 31, 2012, reporting total revenues of $14,710,472, an increase of 14.2%, as compared to total revenues for the second quarter ended May 31, 2011. Net income for the second quarter of fiscal 2012 was $302,100 as compared to the net loss of $(247,268) for the same period in fiscal 2011. Basic and fully diluted earnings per share for the quarter were $0.04 as compared to a loss of $(0.04) for the same quarter last year. Total revenues for the six months ended May 31, 2012 were $28,398,720, an increase of 11.6%, as compared to $25,456,419 for the same period in fiscal 2011. Net income for the first six months of fiscal 2012 was $389,634 as compared to $95,837 for the same period in fiscal 2011. Basic and fully diluted earnings per share for the six months ended May 31, 2012 were $0.06 as compared to $0.01 for the same period in fiscal 2011.
The company also announced its board declared a dividend of $0.07 per share for the third quarter of fiscal 2012, payable to all shareholders of record as of August 3, 2012, and to be paid on September 4, 2012.
“We are pleased to be reporting higher total revenues and net income for the first six months of fiscal 2012,” said Dunnan D. Edell, CCA Industries’ president and CEO. “CCA’s financial position remains sound with no bank debt and the company presently has little international distribution in Europe, thus no financial exposure in that troubled marketplace.”
