Last $19.38 USD
Change Today +0.03 / 0.16%
Volume 30.8K
As of 8:10 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

span-america medical sys inc (SPAN) Snapshot

Open
$19.66
Previous Close
$19.35
Day High
$19.92
Day Low
$19.28
52 Week High
03/31/14 - $25.02
52 Week Low
08/5/14 - $18.09
Market Cap
57.4M
Average Volume 10 Days
19.6K
EPS TTM
$1.07
Shares Outstanding
3.0M
EX-Date
08/12/14
P/E TM
18.1x
Dividend
$0.60
Dividend Yield
2.94%
Current Stock Chart for SPAN-AMERICA MEDICAL SYS INC (SPAN)

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span-america medical sys inc (SPAN) Details

Span-America Medical Systems, Inc. manufactures and distributes various therapeutic support surfaces and related products for the medical, consumer, and industrial markets primarily in the United States and Canada. The company operates in two segments, Medical and Custom Products. The Medical segment provides various medical products, including polyurethane foam mattress overlays, non-powered and powered therapeutic support surfaces, patient positioners, medical beds, tables, and related in-room furnishings, as well as seating, skin care, and fall protection products to acute care hospitals, long-term care facilities, and home health care providers. The Custom Products segment offers consumer bedding products, such as convoluted and contour-cut mattress overlays, and specially designed pillows for the consumer bedding market; and engineered industrial products comprising engineered foam products for various markets consisting of automotive, packaging, durable goods, electronics, and water sports equipment industries. The company was founded in 1970 and is headquartered in Greenville, South Carolina.

span-america medical sys inc (SPAN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $320.2K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $206.3K
Vice President of Custom Products
Total Annual Compensation: $184.8K
Vice President of Research & Development and ...
Total Annual Compensation: $170.2K
Vice President of Medical Sales and Marketing
Total Annual Compensation: $213.6K
Compensation as of Fiscal Year 2013.

span-america medical sys inc (SPAN) Key Developments

Span-America Medical Systems Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 28, 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2014

Span-America Medical Systems Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended June 28, 2014. For the quarter, the company reported net sales of $13,250,985 compared to $18,621,212 a year ago. The sales decline was due to lower volumes from medical and custom products segments. Operating income was $563,004 compared to $1,814,221 a year ago. Income before income taxes was $576,053 compared to $1,811,884 a year ago. Net income was $378,053 or $0.13 per basic and diluted share compared to $1,222,884 or $0.41 per basic and diluted share a year ago. For the nine months period, the company reported net sales of $42,812,791 compared to $56,904,627 a year ago. Operating income was $2,908,806 compared to $5,704,324 a year ago. Income before income taxes was $2,943,864 compared to $5,664,330 a year ago. Net income was $1,934,864 or $0.65 per diluted share compared to $3,820,330 or $1.28 per diluted share a year ago. The decrease in earnings was caused primarily by lower sales volume of consumer bedding and medical products. Cash flow from operations for the nine months was down by 44% to $3.1 million from an unusually high $5.4 million in cash flow in the first nine months of fiscal 2013. The company expects sales and earnings for the fourth quarter of fiscal 2014 to be higher than they were in the third quarter of fiscal 2014, but sales and earnings are not likely to exceed the levels the company achieved in the fourth quarter of last fiscal year.

Span-America Medical Systems Inc. Announces Quarterly Cash Dividend, Payable on September 4, 2014

Span-America Medical Systems Inc. announced that the board of directors increased the quarterly cash dividend by 7% to $0.15 per share. The dividend is payable September 4, 2014, to shareholders of record on August 14, 2014.

Span-America Medical Systems Inc. Revises Earnings Guidance for the Second Half of 2014

Span-America Medical Systems Inc. revised earnings guidance for the second half of 2014. The company expects earnings for the second half of fiscal 2014 to be similar to the $0.52 per diluted share reported in the first half, which is lower than its previous outlook, because of lower than expected sales volume in the third quarter. The company experienced weak demand for its medical products during April and May as well as delays in the start-up of some new consumer business during the quarter. Sales rebounded in June but not enough to offset the performance in the first two months of the quarter. As a result, the company believes the shortfall in sales will cause third quarter earnings to be lower than it originally expected.

 

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