| Address:
|
1235 WATER ST
|
| City: |
EAST GREENVILLE |
|
State: |
PA |
|
Zip Code: |
18041 |
| Telephone: |
215-679-7991 |
|
Description of Business
|
Primary SIC Code:
2590 |
| (As filed with the SEC)
|
|
|
We are a leading designer and manufacturer of workplace furnishings,
textiles and fine leathers. For over a decade now we have been building a
diversified design-driven product portfolio and flexible business model that can
perform in various business cycles. Our commitment to innovation and modern
design has yielded a comprehensive portfolio of products designed to provide
enduring value and help clients shape their workplaces with imagination and
vision. Our products are recognized for high quality and a sophisticated image
and are targeted at the middle to upper end of the market. We sell our products
primarily in North America through a direct sales force of approximately 243
professionals and a broad network of approximately 208 independent dealers. Our
distinctive operating approach has driven industry leading operating income
margins among our primary publicly-held competitors. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 1.11 | 0.100 | 12.34 | | 06/2011 | 0.84 | 0.100 | 23.89 | | 03/2011 | 0.76 | 0.060 | 27.58 | | 12/2010 | 0.61 | 0.060 | 27.43 | | 09/2010 | 0.46 | 0.020 | 33.72 | | 06/2010 | 0.45 | 0.020 | 29.53 | | 03/2010 | 0.44 | 0.020 | 25.57 | | 12/2009 | 0.60 | 0.020 | 17.22 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 1.93 | Total Liab/Total Assets | 0.82 | | Net Inc/Total Assets | 0.04 | Total Liab/Inv Cap | 1.13 | | Net Inc/Inv Cap | 0.06 | Total Liab/Comm Equity | 38.54 | | Pretax Inc/Net Sales | 0.05 | Interest Coverage Ratio | 3.34 | | Net Inc/Net Sales | 0.03 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.11 | LTD/Equity | 1.94 | | SG&A/NetSales | 0.24 | Total Debt/Equity | 1.94 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 6.33 | Quick Ratio | 0.92 | | Inventory Turnover | 6.60 | Current Ratio | 1.36 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.53 | | Net Sales/Work Cap | 11.69 | Inv/Curr Assets | 0.33 | | Net Sales/PP&E | 6.62 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
239.54
|
238.65
|
220.86
|
239.78
|
|
Cost of Goods Sold
|
160.69
|
162.16
|
152.46
|
162.59
|
|
Selling & Admin Exps
|
53.85
|
52.93
|
47.02
|
51.30
|
|
Operating Income
|
25.02
|
23.33
|
20.91
|
24.21
|
|
Interest Exp
|
1.23
|
3.37
|
4.02
|
4.00
|
|
Pretax Income
|
27.87
|
19.68
|
14.57
|
17.20
|
|
Other Income
|
4.08
|
-0.28
|
-2.33
|
-3.01
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
18.39
|
12.98
|
9.20
|
10.79
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
10.74
|
13.48
|
4.59
|
26.94
|
|
Receivables - Total
|
141.42
|
134.68
|
149.67
|
137.29
|
|
Inventories - Total
|
94.02
|
91.61
|
92.76
|
85.22
|
|
Total Current Assets
|
256.05
|
251.92
|
257.05
|
261.16
|
|
Net Property, Plant & Equipment
|
120.35
|
123.66
|
121.77
|
122.22
|
|
Total Assets
|
677.44
|
678.36
|
682.45
|
687.43
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
93.87
|
95.26
|
102.31
|
106.73
|
|
Debt in Current Liabilities
|
0.00
|
0.15
|
0.14
|
0.14
|
|
Total Current Liabilities
|
174.02
|
164.05
|
170.60
|
191.92
|
|
Long-Term Debt
|
217.00
|
230.00
|
242.00
|
245.00
|
|
Total Liabilities
|
514.47
|
522.44
|
540.92
|
561.05
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.48
|
0.48
|
0.48
|
0.47
|
|
Retained Earnings
|
143.15
|
129.52
|
121.32
|
114.99
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
162.97
|
155.92
|
141.53
|
126.39
|
|
Total Liabilities and Stockholders' Equity
|
677.44
|
678.36
|
682.45
|
687.43
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
18.35
|
29.62
|
-16.85
|
38.11
|
|
Net Cash Provided by Investing Activities
|
-2.61
|
-5.15
|
-1.97
|
-4.79
|
|
Net Cash Provided by Financing Activities
|
-17.94
|
-16.56
|
-5.20
|
-14.82
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 982.15 | 58.63 | 1.14 | | 12/2007 | 1,055.81 | 71.44 | 1.45 | | 12/2008 | 1,120.15 | 84.91 | 1.82 | | 12/2009 | 780.03 | 27.35 | 0.60 | | 12/2010 | 809.47 | 28.02 | 0.61 | | Growth Rates | -4.72 | -16.85 | -14.47 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 118 | 44,545 | 93.29 |
|
Report Date :
2/6/2012
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