Cross Co (ATX, Financial) filed Quarterly Report for the period ended 2012-09-29.
A. T. Cross Company has a market cap of $124.1 million; its shares were traded at around $9.2 with a P/E ratio of 13.4 and P/S ratio of 0.7. A. T. Cross Company had an annual average earning growth of 0.2% over the past 10 years.
Consolidated operating expenses for the third quarter of 2012 were $20.5 million, or 47.2% of sales, as compared to $20.5 million, or 46.7% of sales a year ago; an increase of 50 basis points. The CAD segment operating expenses were 3.5% lower than the prior year’s third quarter. The COG segment’s operating expenses were 5.2% higher than last year and were directly related to the higher sales volume in the third quarter of 2012.
Consolidated net sales were $134.1 million in the first nine months of 2012 compared to $131.4 million in the first nine months of 2011. The effect of foreign exchange was unfavorable to consolidated sales results for the first nine months of 2012 by approximately 70 basis points.
CAD sales decreased 6.3% in the first nine months of 2012 compared to the first nine months of 2011 due to the adverse economic conditions affecting its European, Middle Eastern and African markets. During this same period, sales in Asia increased by 4.3% and Americas sales increased by 3.6%.
Consolidated operating expenses for the first nine months of 2012 were $63.9 million, or 47.6% of sales, as compared to $64.1 million, or 48.8% of sales a year ago; a decrease of 120 basis points. The CAD segment operating expenses were 6.2% lower than the prior year’s first nine months due to strong cost controls put in place to mitigate the sales decline. The COG segment’s operating expenses were 8.5% higher than last year. These increases were directly related to the higher sales volume in the first nine months of 2012 compared to 2011.
Read the The complete Report
A. T. Cross Company has a market cap of $124.1 million; its shares were traded at around $9.2 with a P/E ratio of 13.4 and P/S ratio of 0.7. A. T. Cross Company had an annual average earning growth of 0.2% over the past 10 years.
Highlight of Business Operations:
CAD sales decreased 7.2% in the third quarter of 2012 compared to the third quarter of 2011 due to the adverse economic conditions affecting its European, Middle Eastern and African markets. Sales increased in the Americas and Asian markets during the third quarter by 3.4% and 0.4%, respectively.Consolidated operating expenses for the third quarter of 2012 were $20.5 million, or 47.2% of sales, as compared to $20.5 million, or 46.7% of sales a year ago; an increase of 50 basis points. The CAD segment operating expenses were 3.5% lower than the prior year’s third quarter. The COG segment’s operating expenses were 5.2% higher than last year and were directly related to the higher sales volume in the third quarter of 2012.
Consolidated net sales were $134.1 million in the first nine months of 2012 compared to $131.4 million in the first nine months of 2011. The effect of foreign exchange was unfavorable to consolidated sales results for the first nine months of 2012 by approximately 70 basis points.
CAD sales decreased 6.3% in the first nine months of 2012 compared to the first nine months of 2011 due to the adverse economic conditions affecting its European, Middle Eastern and African markets. During this same period, sales in Asia increased by 4.3% and Americas sales increased by 3.6%.
Consolidated operating expenses for the first nine months of 2012 were $63.9 million, or 47.6% of sales, as compared to $64.1 million, or 48.8% of sales a year ago; a decrease of 120 basis points. The CAD segment operating expenses were 6.2% lower than the prior year’s first nine months due to strong cost controls put in place to mitigate the sales decline. The COG segment’s operating expenses were 8.5% higher than last year. These increases were directly related to the higher sales volume in the first nine months of 2012 compared to 2011.
Read the The complete Report
