| Address:
|
ONE ALBION RD
|
| City: |
LINCOLN |
|
State: |
RI |
|
Zip Code: |
02865 |
| Telephone: |
401-333-1200 |
|
Description of Business
|
Primary SIC Code:
3950 |
| (As filed with the SEC)
|
|
|
The A.T. Cross Company has two reportable segments: Cross Accessory Division
("CAD"), and Cross Optical Group ("COG"). For certain financial information with
respect to these segments, see Note K to the Company's consolidated financial
statements included in Item 8 of this Annual Report on Form 10-K.
Cross Accessory Division
We manufacture and market fine quality writing instruments under the Cross®
brand consisting of ball-point pens, fountain pens, selectip® rolling ball pens
and mechanical pencils. We also manufacture and market a variety of refills for
most of our product types. In addition to Cross branded writing instruments, we
design and market writing instruments sold under the Penatia® brand and under
the licensed name of Bill Blass®. The Company is an original equipment
manufacturer ("OEM") of writing instruments. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 03/2009 | -0.07 | NA | N/E | | 12/2008 | 0.03 | NA | 92.67 | | 09/2008 | 0.48 | NA | 14.06 | | 06/2008 | 0.52 | NA | 16.02 | | 03/2008 | 0.46 | NA | 14.89 | | 12/2007 | 0.43 | NA | 23.21 | | 09/2007 | 0.40 | NA | 27.62 | | 06/2007 | 0.27 | NA | 43.33 |
Key Financial Ratios and Statistics |
FYE:
01/03 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | 0.04 | Total Liab/Total Assets | 0.49 | | Net Inc/Total Assets | 0.00 | Total Liab/Inv Cap | 0.59 | | Net Inc/Inv Cap | 0.00 | Total Liab/Comm Equity | 5.52 | | Pretax Inc/Net Sales | 0.02 | Interest Coverage Ratio | 3.94 | | Net Inc/Net Sales | 0.00 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.09 | LTD/Equity | 0.29 | | SG&A/NetSales | 0.48 | Total Debt/Equity | 0.29 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 4.57 | Quick Ratio | 2.42 | | Inventory Turnover | 2.43 | Current Ratio | 3.45 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.38 | | Net Sales/Work Cap | 2.55 | Inv/Curr Assets | 0.30 | | Net Sales/PP&E | 10.26 | | |
Income Statement (Millions) |
| |
4/4/2009
|
1/3/2009
|
9/27/2008
|
6/28/2008
|
|
Total Revenues(Net Sales)
|
30.84
|
41.71
|
38.97
|
43.21
|
|
Cost of Goods Sold
|
14.08
|
18.97
|
16.74
|
18.84
|
|
Selling & Admin Exps
|
18.17
|
18.99
|
18.94
|
20.53
|
|
Operating Income
|
-2.09
|
-3.13
|
2.47
|
3.20
|
|
Interest Exp
|
0.26
|
0.12
|
0.32
|
0.46
|
|
Pretax Income
|
-2.68
|
-3.30
|
2.22
|
2.88
|
|
Other Income
|
-0.34
|
-0.05
|
0.07
|
0.14
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-0.95
|
-3.74
|
1.76
|
1.87
|
|
Assets
|
4/4/2009
|
1/3/2009
|
9/27/2008
|
6/28/2008
|
|
Cash & Short Term Investments
|
16.72
|
19.82
|
13.96
|
14.42
|
|
Receivables - Total
|
27.30
|
33.44
|
33.61
|
35.51
|
|
Inventories - Total
|
31.19
|
26.43
|
32.28
|
31.08
|
|
Total Current Assets
|
84.05
|
88.53
|
88.59
|
89.15
|
|
Net Property, Plant & Equipment
|
15.38
|
15.61
|
16.95
|
17.35
|
|
Total Assets
|
139.12
|
143.96
|
144.99
|
145.82
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
21.25
|
22.22
|
21.09
|
22.55
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
23.53
|
25.67
|
23.52
|
24.85
|
|
Long-Term Debt
|
21.72
|
21.72
|
21.72
|
21.72
|
|
Total Liabilities
|
66.64
|
70.30
|
57.64
|
59.84
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
19.43
|
19.41
|
19.40
|
19.40
|
|
Retained Earnings
|
71.94
|
72.89
|
76.63
|
74.87
|
|
Treasury Stock
|
-30.02
|
-28.11
|
-27.12
|
-27.08
|
|
Total Stockholders' Equity
|
72.48
|
73.66
|
87.35
|
85.98
|
|
Total Liabilities and Stockholders' Equity
|
139.12
|
143.96
|
144.99
|
145.82
|
Cash Flow Summary (Millions) |
|
Categories
|
4/4/2009
|
1/3/2009
|
9/27/2008
|
6/28/2008
|
|
Net Cash Provided by Operating Activities
|
-1.14
|
9.61
|
1.07
|
0.60
|
|
Net Cash Provided by Investing Activities
|
-2.72
|
-3.12
|
-1.22
|
-1.08
|
|
Net Cash Provided by Financing Activities
|
-0.54
|
-0.99
|
-0.03
|
-0.49
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 01/2005 | 129.48 | -0.86 | -0.06 | | 01/2005 | 129.11 | 0.38 | -0.06 | | 01/2006 | 139.34 | 3.29 | 0.00 | | 01/2007 | 151.88 | 6.73 | 0.22 | | 01/2009 | 160.15 | 0.49 | 0.03 | | Growth Rates | 5.46 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 03/31/09 | 28 | 5,572 | 41.74 |
|
Report Date :
6/23/2009
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