| Address:
|
405 STATE HIGHWAY 121 BYPASS
BUILDING A, SUITE 250 |
| City: |
LEWISVILLE |
|
State: |
TX |
|
Zip Code: |
75067 |
| Telephone: |
214-488-6300 |
|
Description of Business
|
Primary SIC Code:
1700 |
| (As filed with the SEC)
|
|
|
We are engaged in the specialty product home improvement business. In our home
improvement business, we manufacture or procure, design, sell and install custom
kitchen and bathroom cabinet refacing products and organizational storage
systems for closets and garages. We market, sell and install our products and
installed services exclusively through The Home Depot under a service provider
agreement ("SPA") and a product supply agreement ("PSA").
--------------------------------------------------------------------------------
Table of Contents
In February 2008 we began to phase out our installed deck program with The Home
Depot. At December 31, 2008 we had completed the manufacture of all pending deck
orders for The Home Depot customers and in the first quarter 2009 we had
completed the installation of all remaining orders. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.62 | 0.015 | 7.98 | | 06/2011 | 0.47 | 0.015 | 10.68 | | 03/2011 | 0.33 | NA | 13.39 | | 12/2010 | 0.30 | NA | 16.30 | | 09/2010 | 0.02 | NA | 146.50 | | 06/2010 | -0.13 | NA | N/E | | 03/2010 | -0.37 | NA | N/E | | 12/2009 | -0.55 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.15 | Total Liab/Total Assets | 0.33 | | Net Inc/Total Assets | 0.07 | Total Liab/Inv Cap | 0.48 | | Net Inc/Inv Cap | 0.10 | Total Liab/Comm Equity | 0.73 | | Pretax Inc/Net Sales | 0.03 | Interest Coverage Ratio | 38.32 | | Net Inc/Net Sales | 0.01 | Curr Debt/Equity | 0.02 | | Cash Flow/Net Sales | 0.01 | LTD/Equity | 0.03 | | SG&A/NetSales | 0.51 | Total Debt/Equity | 0.04 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 18.77 | Quick Ratio | 2.21 | | Inventory Turnover | 18.36 | Current Ratio | 2.62 | | Inventory Day Sales | 0.05 | Net Rec/Curr Assets | 0.32 | | Net Sales/Work Cap | 9.63 | Inv/Curr Assets | 0.16 | | Net Sales/PP&E | 61.74 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
43.50
|
43.77
|
38.99
|
38.00
|
|
Cost of Goods Sold
|
20.08
|
20.02
|
18.18
|
18.38
|
|
Selling & Admin Exps
|
20.70
|
21.07
|
19.85
|
18.74
|
|
Operating Income
|
2.73
|
2.67
|
0.95
|
1.25
|
|
Interest Exp
|
0.00
|
0.00
|
0.01
|
0.02
|
|
Pretax Income
|
2.72
|
2.68
|
0.95
|
1.25
|
|
Other Income
|
-0.00
|
0.01
|
0.00
|
0.02
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
1.60
|
1.58
|
0.56
|
0.71
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
12.67
|
10.25
|
7.56
|
8.83
|
|
Receivables - Total
|
9.58
|
10.03
|
9.95
|
7.83
|
|
Inventories - Total
|
3.46
|
3.33
|
3.54
|
3.82
|
|
Total Current Assets
|
29.83
|
28.03
|
24.77
|
24.50
|
|
Net Property, Plant & Equipment
|
2.11
|
2.19
|
2.29
|
2.36
|
|
Total Assets
|
36.33
|
34.29
|
31.14
|
30.95
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
11.26
|
10.78
|
9.27
|
9.02
|
|
Debt in Current Liabilities
|
0.00
|
0.00
|
0.00
|
0.33
|
|
Total Current Liabilities
|
11.26
|
10.78
|
9.27
|
9.35
|
|
Long-Term Debt
|
0.00
|
0.00
|
0.00
|
0.56
|
|
Total Liabilities
|
11.66
|
11.18
|
9.68
|
10.31
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.01
|
0.01
|
0.01
|
0.01
|
|
Retained Earnings
|
10.02
|
8.53
|
7.06
|
6.49
|
|
Treasury Stock
|
0.00
|
0.00
|
-0.09
|
-0.09
|
|
Total Stockholders' Equity
|
24.66
|
23.11
|
21.47
|
20.64
|
|
Total Liabilities and Stockholders' Equity
|
36.33
|
34.29
|
31.14
|
30.95
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
2.72
|
2.69
|
-0.40
|
4.01
|
|
Net Cash Provided by Investing Activities
|
-0.11
|
-0.13
|
-0.15
|
-0.16
|
|
Net Cash Provided by Financing Activities
|
-0.19
|
0.11
|
-0.72
|
-0.07
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 127.76 | 4.22 | 0.51 | | 12/2007 | 123.28 | -0.30 | 0.29 | | 12/2008 | 132.50 | 0.77 | 0.10 | | 12/2009 | 110.95 | -4.00 | -0.55 | | 12/2010 | 145.87 | 2.16 | 0.30 | | Growth Rates | 3.37 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 21 | 2,055 | 28.34 |
|
Report Date :
2/6/2012
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