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Jaclyn, Inc.: Jaclyn Reports Financial Results

^{Published on 2009-09-25 08:38:23 - Market Wire}
 

MAYWOOD, NJ--(Marketwire - September 25, 2009) - Jaclyn, Inc. (OTCQX: [ JCLY ]) today reported financial results for the fiscal year ended June 30, 2009.

Net sales for the year ended June 30, 2009 were $166,913,000 compared to $151,304,000 a year earlier. The Company had net earnings of $2,010,000, or $.89 per diluted share, compared to fiscal 2008 net earnings of $362,000, or $.15 per diluted share.

Note: This press release contains information concerning, among other things, our future plans and objectives that are or may be deemed to be forward-looking statements. However, forward-looking statements are subject to a number of known and unknown risks and uncertainties that may cause our actual results, trends, performance or achievements, or industry trends and results, to differ materially from the future results, trends, performance or achievements expressed or implied by such forward-looking statements. Those risks and uncertainties may include, but are not limited to, general economic and business conditions (including the ongoing financial downturn and disruptions in credit markets); competition; potential changes in customer spending; acceptance of our product offerings and designs; the variability of consumer spending resulting from changes in domestic economic activity; a highly promotional retail environment; any significant variations between actual amounts and the amounts estimated for those matters identified as our critical accounting estimates as well as other significant accounting estimates made in the preparation of our financial statements; and the impact of current and potential hostilities in the Middle East and in other geographic areas; as well as other geopolitical concerns. You are urged to consider all such factors. In light of the uncertainty inherent in such forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. We assume no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.

Jaclyn, Inc. is a designer, manufacturer and marketer of apparel, women's sleepwear, infants' and children's apparel, handbags, premium incentives and related accessories. Website: jaclyninc.com

 JACLYN, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS For the Fiscal Year ended June 30, 2009 With comparisons to 2008 Year Ended June 30, 2009 2008 Net Sales $166,913,000 $151,304,000 Earnings before Income Taxes 3,449,000 873,000 Net Earnings $ 2,010,000 $ 362,000 Net Earnings per Common Share - Basic $ .89 $ .15 Weighted average shares outstanding - basic 2,256,000 2,444,000 Net Earnings per Common Share - Diluted $ .89 $ .15 Weighted average shares outstanding - diluted 2,267,000 2,468,000