Last $3.07 USD
Change Today -0.0339 / -1.09%
Volume 2.0K
OBCI On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ CM
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

ocean bio-chem inc (OBCI) Snapshot

Open
$3.09
Previous Close
$3.10
Day High
$3.09
Day Low
$3.06
52 Week High
03/19/14 - $3.69
52 Week Low
10/30/13 - $2.17
Market Cap
27.3M
Average Volume 10 Days
6.6K
EPS TTM
$0.19
Shares Outstanding
8.9M
EX-Date
03/28/14
P/E TM
16.1x
Dividend
--
Dividend Yield
1.63%
Current Stock Chart for OCEAN BIO-CHEM INC (OBCI)

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ocean bio-chem inc (OBCI) Details

Ocean Bio-Chem, Inc. manufactures, markets, and distributes various appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, and outdoor power equipment markets in the United States and Canada. It also produces private label formulations of its products for various customers and provides custom blending and packaging services for these and other products. The company’s marine product line consists of polishes, cleaners, protectants, and waxes; enzyme fuel treatment; and private label products, as well as brushes, poles and tie-downs, and other related marine accessories. It manufactures a line of automotive products, such as fuel treatments for gas and diesel engines, motor oils, greases, and related items; and anti-freeze and windshield washes, automotive polishes, cleaners, and other appearance items. In addition, the company provides fuel treatments, cleaners, polishes, detergents, fabric cleaners and protectors, silicone sealants, waterproofers, gasket materials, degreasers, vinyl cleaners and protectors, toilet treatment fluids, and anti-freeze coolants for the recreational vehicle/power sports markets. Further, it offers fuel treatments for outdoor power equipment/lawn and garden markets; and blends and packages chemical formulations, as well as manufactures PVC and HDPE blow molded bottles. Additionally, the company provides odor control products to prevent mold, mildew, and other unpleasant odors for homes, automobiles, boats, and recreational vehicles. Ocean Bio-Chem, Inc. sells its products under the Star Tron and Star brite brands to retail outlets through retailers and distributors. The company was founded in 1973 and is headquartered in Fort Lauderdale, Florida.

114 Employees
Last Reported Date: 03/31/14
Founded in 1973

ocean bio-chem inc (OBCI) Top Compensated Officers

Co-Founder, Chairman of the Board, Chief Exec...
Total Annual Compensation: $165.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $180.0K
Vice President of Operations, Secretary and D...
Total Annual Compensation: $184.4K
Vice President of Sales & Marketing and Direc...
Total Annual Compensation: $198.7K
Compensation as of Fiscal Year 2013.

ocean bio-chem inc (OBCI) Key Developments

Ocean Bio-Chem, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Ocean Bio-Chem Inc. announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net income increased 138% to approximately $411,000 or $0.05 per diluted share, compared to approximately $173,000 or $0.02 per diluted share for the second quarter of 2013. For the six months, the company's net income increased 22% to approximately $634,000 or $0.07 per diluted share, compared to approximately $522,000 or $0.06 per diluted share for the same period in 2013.

Ocean Bio-Chem, Inc. and Regions Bank Enter into New Business Loan Agreement

Ocean Bio-Chem Inc. and Regions Bank entered into a new business loan agreement, under which the company was provided a renewed revolving line of credit. Under the renewed revolving line of credit, the company may borrow up to the lesser of (i) $6 million or (ii) a borrowing base equal to 80% of eligible accounts receivable (as defined in the business loan agreement) plus 50% of eligible inventory (as defined in the business loan agreement). Interest on amounts borrowed under the revolving line of credit is payable monthly at the 30 day LIBOR rate plus 1.65% per annum (unless the company's debt service coverage ratio (generally, net operating profit plus depreciation, amortization and lease/rent expense divided by current maturities of long-term debt plus interest and lease/rent expense, calculated on a trailing twelve month basis) falls to or below 2.0 to 1, in which case interest is payable at the 30 day LIBOR rate plus 2.65% per annum).

Ocean Bio-Chem Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Ocean Bio-Chem Inc. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of approximately $8.8 million, compared to approximately $8.2 million in the second quarter of 2013, an increase of approximately 8%. This was achieved after a slower than anticipated first quarter due to the unusually long and cold winter. During the second quarter the company recorded double digit sales growth in both branded and private labeled marine products. For the six months, the company will report net sales of approximately $14.7 million dollars an increase of approximately 2%, compared to the comparable 2013 period, making up for a 6% first quarter net sales shortfall. For the six month period the company had significant growth of fuel treatment sales to the 'Big Box' hardware retailers.

 

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OBCI

Industry Average

Valuation OBCI Industry Range
Price/Earnings 17.3x
Price/Sales 0.8x
Price/Book 1.5x
Price/Cash Flow 17.4x
TEV/Sales 0.7x
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