Calloway's Nursery Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2012
March 15, 2013 at 08:00 am EDT
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Calloway's Nursery Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net revenue was $9,447,000 against $9,582,000 a year ago. Loss before provision for income taxes was $602,000 against $210,000 a year ago. Net loss was $405,000 against income of $57,000 a year ago. Diluted loss per share was $0.05 against earnings per share of $0.01 a year ago.
For the year, the company reported revenue was $45,551,000 against $46,589,000 a year ago. Income before provision for income taxes was $1,006,000 against $1,744,000 a year ago. Net income was $609,000 against $1,295,000 a year ago. Diluted earnings per share was $0.07 against earnings per share of $0.17 a year ago. Net cash provided by operating activities was $1,484,000 against $1,522,000 a year ago. Additions to property and equipment was $239,000 against $40,000 a year ago.
Calloway's Nursery, Inc. is a garden center. The Company is engaged in the sales of living plants and related products, pottery, home decor and seasonal merchandise to individual consumers in its physical garden center retail stores. It offers landscape design services to individual consumers, landscape installation services to individual consumers and precision maintenance services to individual consumers. It operates over 27 retail garden centers in the two metropolitan areas in Texas: Dallas-Fort Worth (as Calloway's Nursery) and Houston (as Cornelius Nursery). Its products include birding, Cornelius home decor, fertilizers, garden tools, gift cards, insect and pest control, lawn decor, mosquito control solutions, pottery, soils and mulches and weed control and fungicide. Its plants and flowers include annuals, bulbs, dwarfs, edibles, ferns, grasses and others. Its subsidiary is Cornelius Nurseries, Inc., which owns the Cornelius Nursery retail store property in the Houston market.
CALLOWAY'S NURSERY, INC. 
