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

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Sep 10, 2012
Shuffle Master, Inc. (SHFL, Financial) filed Quarterly Report for the period ended 2012-07-31.

Shuffle Master, Inc. has a market cap of $846.5 million; its shares were traded at around $14 with a P/E ratio of 22 and P/S ratio of 3.7. Shuffle Master, Inc. had an annual average earning growth of 3.2% over the past 10 years.

Highlight of Business Operations:

Utility gross profit increased 18.9% year over year and utility gross margin increased 580 bps to 62.7% as compared to the same prior year period primarily related to the following:

Utility operating income increased 19.0% year over year and operating margin increased 510 bps to 54.7% as compared to the same prior year period. These changes primarily related to the changes described in gross profit and gross margin described above.

Utility gross profit increased 20.8% year over year and utility gross margin increased 210 bps to 61.8% as compared to the same prior year period primarily related to the following:

Utility operating income increased 22.1% year over year and operating margin increased 230 bps to 53.6% as compared to the same prior year period. These changes primarily related to the changes described in gross profit and gross margin above.

PTG gross profit increased 22.6% year over year and gross margin increased by 290 bps to 81.8% as compared to the same prior year period. The increase in gross profit and gross margin primarily related to the following:

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