synutra international inc (SYUT) Snapshot

Synutra International Inc. announced consolidated earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported net sales of $72,856,000 against $85,367,000 a year ago. Income from operations was $6,712,000 against $16,193,000 a year ago. Income before income tax expense was $3,451,000 against $13,591,000 a year ago. Net income was $3,351,000 against $7,451,000 a year ago. Net income attributable to common stockholders was $3,267,000 against $7,522,000 a year ago. Basic and diluted earnings per share were $0.06 against $0.13 a year ago. cash generated in operating activities was $10.6 million compared to net cash generated in operating activities of $25.9 million in the prior year quarter. On a sequential basis, cash from operations was lower compared to $31.2 million in cash generated from operating activities in the previous quarter. For the year, the company reported net sales of $265,770,000 against $342,539,000 a year ago. Loss from operations was $14,000,000 against income from operations of $42,794,000 a year ago. Loss before income tax expense was $27,035,000 against income before income tax expense of $30,534,000 a year ago. Net loss was $64,221,000 against net profit of $17,024,000 a year ago. Net loss attributable to common stockholders was $63,888,000 against net profit attributable to common stockholders of $16,737,000 a year ago. Basic and diluted loss per share was $1.11 against LPS of $0.29 a year ago. The company provided earnings guidance for the first quarter and full year of 2014. For the first quarter of fiscal 2014, the company expects total sales in the range of $60 million to $65 million. The sequential decrease from fourth quarter fiscal 2013 is mainly due to decreased sales in the other segments. The company expects to continue to improve the margins and achieve bottom-line profitability in the range of $3.5 million to $4.5 million. For the fiscal year 2014, the company expects total sales in the range of $300 million to $350 million and net income in the range of $20 million to $30 million.

Synutra International Inc. announced that they will report Q4, 2013 results at 5:00 PM, Eastern Standard Time on Jun 13, 2013

Synutra International Inc., Q4 2013 Earnings Call, Jun 14, 2013