Coleman Cable, Inc. (NASDAQ:CCIX) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Coleman Cable, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 2.17% to $0.47 in the quarter versus EPS of $0.46 in the year-earlier quarter.
Revenue: Rose 1.11% to $233.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Coleman Cable, Inc. reported adjusted EPS income of $0.47 per share. By that measure, the company beat the mean analyst estimate of $0.43. It missed the average revenue estimate of $235.3 million.
Quoting Management: President and CEO Gary Yetman stated, “Our second quarter 2013 results mark the third consecutive quarter of record Adjusted EBITDA for the respective calendar quarter, with our second quarter 2013 Adjusted EBITDA of $25.1 million representing an all-time quarterly high for Coleman. Additionally, our second quarter total volume was our highest quarterly mark since 2008 and included all-time highs within several areas of our business.”
Key Stats (on next page)…