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Cross Co (ATX) filed Quarterly Report for the period ended 2011-10-01.
A.t. Cross Company has a market cap of $134.7 million; its shares were traded at around $10.91 with a P/E ratio of 17 and P/S ratio of 0.8. A.t. Cross Company had an annual average earning growth of 1.2% over the past 10 years.
This is the annual revenues and earnings per share of ATX over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ATX.
Highlight of Business Operations:
Consolidated net sales were $43.8 million in the third quarter of 2011 compared to $38.2 million in the third quarter of 2010. The effect of foreign exchange was favorable to consolidated third quarter 2011 sales results by approximately $0.8 million, or 2.0 percentage points.CAD sales increased 11.7% in the third quarter of 2011 compared to the third quarter of 2010. The Americas and the Asia, Middle East & Africa regions reported increased sales compared to the third quarter of 2010. COG grew by 19.6%, led by the Costa brand which increased 23.4% compared to the prior year third quarter.
Consolidated operating expenses for the third quarter of 2011 were $20.5 million, or 46.7% of sales, as compared to $18.5 million, or 48.5% of sales a year ago, a decrease of 180 basis points. The CAD segment operating expenses were 2.5% higher than the prior year s third quarter. The COG segment operating expenses were 24.2% higher than last year. These increases were directly related to the higher sales volume in the quarter.
Consolidated net sales were $131.4 million in the first nine months of 2011 compared to $114.3 million in the first nine months of 2010. The effect of foreign exchange was favorable to consolidated 2011 sales results by approximately $2.3 million, or 1.9 percentage points.
Consolidated operating expenses for the first nine months of 2011 were $64.1 million, or 48.8% of sales, as compared to $57.5 million, or 50.3% of sales a year ago, a decrease of 150 basis points. The CAD segment operating expenses were 6.0% higher than the prior year s first nine months. The COG segment operating expenses were 20.9% higher than last year, in line with the higher sales volume.
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