Redhook Ale Brewery Inc. (HOOK, Financial) filed Quarterly Report for the period ended 2009-06-30.
CRAFT BREWERS ALLIANCE INC. headquartered in Portland Oregon is a leading brewer of high quality hand crafted beers in the United States. CBAI offers a diverse portfolio of award-winning products from The Redhook Ale Brewery of Woodinville Washington and Portsmouth New Hampshire Widmer Brothers Brewing Company of Portland Oregon Kona Brewing Company of Kailua Kona Hawaii and Goose Island Beer Company of Chicago Illinois. Redhook Ale Brewery Inc. has a market cap of $33.1 million; its shares were traded at around $1.95 with and P/S ratio of 0.4. Redhook Ale Brewery Inc. had an annual average earning growth of 17.5% over the past 5 years.
The Company reported gross sales and a net income of $66.7 million and $664,000, respectively, for the six months ended June 30, 2009, compared with gross sales and a net loss of $22.4 million and $1.9 million, respectively, for the corresponding period in 2008. The Company generated basic and fully-diluted earnings per share of $0.04 on 17.0 million shares for the first six months of 2009 compared with a loss per share of $0.23 on 8.4 million shares for the corresponding period of 2008. The Company generated operating profit of $1.9 million during the six months ended June 30, 2009 compared with an operating loss of $3.0 million during the six months ended June 30, 2008, primarily due to an improved margin for the 2009 period and a reduction in merger-related expenses, partially offset by increased selling, general and administrative expenses and the elimination of contribution from the Companys sales and marketing joint venture. The Companys sales volume (shipments) totaled 296,200 barrels in the first six months of 2009 as compared with 144,600 barrels in the first six months of 2008.
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CRAFT BREWERS ALLIANCE INC. headquartered in Portland Oregon is a leading brewer of high quality hand crafted beers in the United States. CBAI offers a diverse portfolio of award-winning products from The Redhook Ale Brewery of Woodinville Washington and Portsmouth New Hampshire Widmer Brothers Brewing Company of Portland Oregon Kona Brewing Company of Kailua Kona Hawaii and Goose Island Beer Company of Chicago Illinois. Redhook Ale Brewery Inc. has a market cap of $33.1 million; its shares were traded at around $1.95 with and P/S ratio of 0.4. Redhook Ale Brewery Inc. had an annual average earning growth of 17.5% over the past 5 years.
Highlight of Business Operations:
Since its formation, the Company has focused its business activities on the brewing, marketing and selling of craft beers in the United States. The Company reported gross sales and a net income of $37.5 million and $1.7 million, respectively, for the three months ended June 30, 2009, compared with gross sales and a net loss of $12.0 million and $1.4 million, respectively, for the corresponding period in 2008. The Company generated basic and fully-diluted earnings per share of $0.10 on 17.0 million shares for the second quarter of 2009 compared with a loss per share of $0.16 on 8.4 million shares for the corresponding period of 2008. The Company generated operating profit of $2.5 million during the quarter ended June 30, 2009 compared with an operating loss of $2.1 million during the quarter ended June 30, 2008, primarily due to an improved margin for the 2009 period and a reduction in merger-related expenses, partially offset by increased selling, general and administrative expenses and the elimination of contribution from the Companys sales and marketing joint venture. The Companys sales volume (shipments) totaled 162,400 barrels in the second quarter of 2009 as compared with 76,200 barrels in the second quarter of 2008.The Company reported gross sales and a net income of $66.7 million and $664,000, respectively, for the six months ended June 30, 2009, compared with gross sales and a net loss of $22.4 million and $1.9 million, respectively, for the corresponding period in 2008. The Company generated basic and fully-diluted earnings per share of $0.04 on 17.0 million shares for the first six months of 2009 compared with a loss per share of $0.23 on 8.4 million shares for the corresponding period of 2008. The Company generated operating profit of $1.9 million during the six months ended June 30, 2009 compared with an operating loss of $3.0 million during the six months ended June 30, 2008, primarily due to an improved margin for the 2009 period and a reduction in merger-related expenses, partially offset by increased selling, general and administrative expenses and the elimination of contribution from the Companys sales and marketing joint venture. The Companys sales volume (shipments) totaled 296,200 barrels in the first six months of 2009 as compared with 144,600 barrels in the first six months of 2008.
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