Calloway's Nursery Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, net revenue was $10,043,000 compared to $11,107,000 a year ago. Loss before provision for income taxes was $161,000 against income before provision for income taxes of $8,598,000 last year. Net loss was $117,000 or $0.01 per basic and diluted share compared to net income of $5,618,000 or $0.67 per basic and diluted share last year. Same-store revenue was $10.0 million compared to same-store revenue of $9.1 million for 2014. Earnings before income taxes, depreciation and amortization and net interest expense, a non-GAAP measure (EBITDA), was $0.1 million compared to EBITDA of $8.9 million for 2014. Adjusted EBITDA was $0.1 million compared to Adjusted EBITDA of $0 (break-even) for 2014.

For the year, net revenue was $49,960,000 compared to $53,515,000 a year ago. Same-store revenue was $49.2 million compared to same-store revenue of $46.6 million for 2014. Income before provision for income taxes was $2,873,000 against $12,724,000 last year. Net income was $1,848,000 or $0.22 per basic and diluted share compared to $8,340,000 or $1.00 per basic and diluted share last year. EBITDA was $3.8 million compared to EBITDA of $13.8 million for 2014. Adjusted EBITDA was $3.8 million compared to Adjusted EBITDA of $4.9 million for 2014. Net cash provided by operating activities was $1,383,000 compared to $3,270,000 a year ago. Additions to property and equipment were $8,900,000 compared to $117,000 a year ago.