calloway's nursery inc (CLWY) Key Developments
Calloway's Nursery Inc. Names Alicia Hicks as Vice President of Marketing
Aug 11 14
Alicia Hicks has been named Vice President of Marketing at Calloway's Nursery Inc., effective August 5, 2014. Ms. Hicks formerly served Calloway's in the position Director of Retail Marketing. As Vice President of Marketing, Ms. Hicks will oversee marketing for all aspects of Calloway's Nursery Inc., which includes 17 Calloway's Nursery locations in Dallas/Fort Worth, as well as two Cornelius Nursery locations in Houston. Ms. Hicks develops strategic marketing plans and customer experience initiatives for both Calloway's and Cornelius brands across all retail locations.
Calloway's Nursery Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Aug 6 14
Calloway's Nursery Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenue of $24,615,000 compared to $19,692,000 a year ago. Income before provision for income taxes was $5,157,000 compared to $3,260,000 a year ago. Net income was $3,420,000 or $0.41 per basic and diluted share compared to $2,132,000 or $0.25 per basic and diluted share a year ago. Earnings before income taxes, depreciation and amortization and net interest expense was $5.4 million for 2014 compared to EBITDA of $3.5 million for 2013.
For the six months, the company reported net revenue of $34,660,000 compared to $30,319,000 a year ago. Income before provision for income taxes was $4,963,000 compared to $3,607,000 a year ago. Net income was $3,282,000 or $0.39 per basic and diluted share compared to $2,350,000 or $0.28 per basic and diluted share a year ago. Net cash provided by operating activities was $5,823,000 compared to $4,593,000 a year ago. Additions to property and equipment were $35,000 compared to $1,567,000 a year ago. EBITDA was $5.5 million for 2014 compared to EBITDA of $4.2 million for 2013.
Calloway's Nursery Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014
May 14 14
Calloway's Nursery Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, net revenue was $10,045,000 against $10,627,000 a year ago. Loss before provision for income taxes was $194,000 against income before provision for income taxes $347,000 a year ago. Net loss was $138,000 against net income $218,000 a year ago. Basic diluted net loss per common share was $0.02 compared to basic and diluted net income per common share of $0.03 for 2013. Net cash used for operating activities was $1,624,000 against net cash in operating activities for operating activities of $266,000 a year ago. Additions to property and equipment were $25,000 against $477,000 a year ago.
Calloway's Nursery Inc. to Report Q1, 2014 Results on May 14, 2014
May 12 14
Calloway's Nursery Inc. announced that they will report Q1, 2014 results on May 14, 2014
Calloway's Nursery Inc. Announces Board Changes
May 6 14
Having been a member of Calloway's Board of Directors since the company went public in 1991, Dr. Stanley Block announced his retirement from the Board, effective May 1, 2014. David L. Alexander has been elected by the Board to fill the unexpired term. David L. Alexander, a Certified Public Accountant, is President and Founder of TCOBIZ Corporation. Since 1993, TCOBIZ has consulted with senior management and owners regarding strategic business planning, acquisitions, mentoring and coaching. Mr. Alexander currently serves as Advisory Director to several enterprises and is Chair of the Membership Committee of the Full-Time MBA Program of Texas A&M University.