Blue Nile Inc. (NILE:NASDAQ)

Blue Nile Inc. - Conference Presentation Calls

Blue Nile, Inc. reported unaudited consolidated financial results for the third quarter and nine months ended October 4, 2009. For the quarter, the company's net sales were $66.9 million increased 2.4% compared to the third quarter of 2008 on strength in bridal jewelry sales and growth in international markets. Operating income grew 17.6% to $3.9 million compared to $3.3 million in the third quarter last year. Net income improved 10.3% to $2.6 million, or $0.17 per diluted share compared to $2.3 million or $0.15 per diluted share in the third quarter of 2008. Non-GAAP adjusted EBITDA totaled $6.3 million, an increase of 17.4% over the same quarter in 2008. Net cash used in operating activities was $263,000 against net cash provided by operating activities of $1.5 million a year ago. Income before income taxes was $3.9 million against $3.6 million a year ago. For the nine months, the company reported adjusted EBITDA of $18.5 million against $17.4 million a year ago. Net sales were $199.2 million against $209.5 million a year ago. Operating income was $11.1 million against $10.7 million a year ago. Income before income taxes was $11.3 million against $12.4 million a year ago. Net income was $7.4 million or $0.49 diluted per share against $8.1 million or $0.52 diluted per share a year ago. Net cash used in operating activities was $6.2 million against $32.5 million a year ago. Purchases of property and equipment were $2.1 million against $1.55 million a year ago. The company provided earnings guidance for the fourth quarter of 2009. For the quarter, the company projecting net sales between $100 million and $109 million, and diluted earnings per share in the range of $0.35 to $0.39.

Blue Nile Inc., Q3 2009 Earnings Call, Nov-05 2009