Young Innovations Inc. (YDNT, Financial) filed Annual Report for the period ended 2011-12-31.
Young Innovtns has a market cap of $238.2 million; its shares were traded at around $31.5 with a P/E ratio of 14.9 and P/S ratio of 2.2. The dividend yield of Young Innovtns stocks is 0.5%. Young Innovtns had an annual average earning growth of 4.8% over the past 10 years. GuruFocus rated Young Innovtns the business predictability rank of 2.5-star.
Selling, General and Administrative Expenses (SG&A) SG&A expenses increased $208, or .6%, to $34,349 in 2011 from $34,141 in 2010, primarily attributable to higher marketing expenses, which include trade show expenses and advertising & promotional costs, which was in part offset by the gain from the sale of the Brownsville, Texas facility during the year. As a percentage of net sales, SG&A expenses decreased modestly to 32.3% in 2011 compared to 33.2% in 2010, primarily due to sales increasing faster than expenses.
Provision for Income Taxes Provision for income taxes increased $849 in 2011 to $8,717 from $7,868, as a result of higher pre-tax income and an increase in the effective tax rate. The effective tax rate was 34.6% in 2011 compared to 34.5% in 2010. The 2011 rate was negatively impacted by an increase in certain state corporate tax rates. The impact of higher state taxes was reduced in part by the Companys decision in 2011 to permanently invest a portion of its foreign subsidiarys undistributed earnings. Additionally, the effective tax rate during 2010 reflected a benefit related to a change in measurement of a prior period uncertain tax position.
Gross Profit Gross profit increased $2,590, or 4.7%, to $57,161 in 2010 compared to $54,571 in 2009. The gross margin percentage of 55.6% in 2010 changed slightly from 55.8% in 2009. The increase in gross margin dollars was a result of higher sales volume, while the slight decline in gross margin percentage is primarily attributable to the mix of products sold.
Selling, General and Administrative Expenses (SG&A) SG&A expenses increased $1,108, or 3.4%, to $34,141 in 2010 from $33,033 in 2009, primarily due to higher personnel and marketing costs. The increase is mainly attributable to incentive compensation and advertising & promotional costs, which are in line with the Companys overall performance. As a percentage of net sales, SG&A expenses decreased modestly to 33.2% in 2010 compared to 33.8% in 2009, primarily due to sales increasing faster than expenses.
Read the The complete Report
Young Innovtns has a market cap of $238.2 million; its shares were traded at around $31.5 with a P/E ratio of 14.9 and P/S ratio of 2.2. The dividend yield of Young Innovtns stocks is 0.5%. Young Innovtns had an annual average earning growth of 4.8% over the past 10 years. GuruFocus rated Young Innovtns the business predictability rank of 2.5-star.
Highlight of Business Operations:
Gross Profit Gross profit increased $1,548, or 2.7%, to $58,709 in 2011 compared to $57,161 in 2010. The gross margin percentage of 55.3% in 2011 changed slightly from 55.6% in 2010. The increase in gross margin dollars was a result of higher sales volume, while the slight decline in gross margin percentage is primarily attributable to the mix of products sold.Selling, General and Administrative Expenses (SG&A) SG&A expenses increased $208, or .6%, to $34,349 in 2011 from $34,141 in 2010, primarily attributable to higher marketing expenses, which include trade show expenses and advertising & promotional costs, which was in part offset by the gain from the sale of the Brownsville, Texas facility during the year. As a percentage of net sales, SG&A expenses decreased modestly to 32.3% in 2011 compared to 33.2% in 2010, primarily due to sales increasing faster than expenses.
Provision for Income Taxes Provision for income taxes increased $849 in 2011 to $8,717 from $7,868, as a result of higher pre-tax income and an increase in the effective tax rate. The effective tax rate was 34.6% in 2011 compared to 34.5% in 2010. The 2011 rate was negatively impacted by an increase in certain state corporate tax rates. The impact of higher state taxes was reduced in part by the Companys decision in 2011 to permanently invest a portion of its foreign subsidiarys undistributed earnings. Additionally, the effective tax rate during 2010 reflected a benefit related to a change in measurement of a prior period uncertain tax position.
Gross Profit Gross profit increased $2,590, or 4.7%, to $57,161 in 2010 compared to $54,571 in 2009. The gross margin percentage of 55.6% in 2010 changed slightly from 55.8% in 2009. The increase in gross margin dollars was a result of higher sales volume, while the slight decline in gross margin percentage is primarily attributable to the mix of products sold.
Selling, General and Administrative Expenses (SG&A) SG&A expenses increased $1,108, or 3.4%, to $34,141 in 2010 from $33,033 in 2009, primarily due to higher personnel and marketing costs. The increase is mainly attributable to incentive compensation and advertising & promotional costs, which are in line with the Companys overall performance. As a percentage of net sales, SG&A expenses decreased modestly to 33.2% in 2010 compared to 33.8% in 2009, primarily due to sales increasing faster than expenses.
Read the The complete Report
