tile shop hldgs inc (TTS) Snapshot

Tile Shop Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. Net sales increased 23.9% to $56.8 million for the quarter ended March 31, 2013 compared with $45.9 million for the first quarter last year. The $11.0 million increase in sales was driven by an increase in comparable store sales of 10.4% or $4.8 million, and incremental net sales of $6.2 million from stores not included in the comparable stores base. For the quarter, Adjusted EBITDA grew 17.9% to $16.4 million, compared to $13.9 million in the same period of the prior year. Adjusted EBITDA as a percentage of sales was 28.8%. Pro-forma non-GAAP net income before taxes was $11.632 million against $10.4 million a year ago. Pro-forma non-GAAP net income was $6.98 million or $0.14 per diluted share against $6.23 million or $0.12 per diluted share. Income from operations was $12.012 million against $10.5 million a year ago. Loss before income taxes was $40.5 million against income before income taxes of $10.4 million a year ago. Net loss was $44.72 million or $1.00 per basic and diluted share against net income of $10.133 million or $0.32 per basic and diluted share a year ago. The company generated $18.3 million of operating cash flow in the first quarter of 2013.

Tile Shop Holdings, Inc., Q1 2013 Earnings Call, May 01, 2013

Tile Shop Holdings, Inc. announced that they will report Q1, 2013 results After-Market on May 01, 2013