Shuffle Master Inc. Reports Operating Results (10-Q)

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Mar 05, 2012
Shuffle Master Inc. (SHFL, Financial) filed Quarterly Report for the period ended 2012-01-31.

Shuffle Master has a market cap of $790.3 million; its shares were traded at around $14.57 with a P/E ratio of 25 and P/S ratio of 3.5.

Highlight of Business Operations:

Utility gross profit increased 3.1% year over year. Utility gross margin decreased 550 bps to 57.0% as compared to the same prior year period.

Utility operating income increased 2.4% for the three months ended January 31, 2012 as compared to the same prior year period, although operating margin decreased 500 bps to 48.2%. These changes primarily related to the changes described in gross profit and gross margin above.

Total PTG segment revenue for the three months ended January 31, 2012 increased $2.4 million as compared to the same prior year period, primarily due to the following:

PTG gross profit increased 24.6% year over year. PTG gross margin increased by 190 bps to 84.4% as compared to the same prior year period. The increase in gross profit and gross margin primarily related to the following:

ETS gross profit decreased 11.2% year over year. ETS gross margin decreased 720 bps to 50.0% as compared to the same prior year period. These decreases are due to the following:

Read the The complete Report