Collegiate Pacific Initiates Cash Dividend; Company Maintains 70-100% Earnings Growth Targets for FY03.Business Editors DALLAS--(BUSINESS WIRE)--Sept. 19, 2002 Collegiate col·le·giate adj. 1. Of, relating to, or held to resemble a college. 2. Of, for, or typical of college students. 3. Of or relating to a collegiate church. Pacific (Amex:BOO) today reported that revenues, operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. and net income for the month of August reflected substantial increases over the year ago period. As the result of the continuing operating and financial successes being realized, Collegiate has elected to initiate annual cash dividends of $.08 per share payable $.02 quarterly. Michael Blumenfeld, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commenting on the monthly report: "The response to our new marketing programs and products resulted in an outstanding month which we believe sets the stage for our new fiscal year which commenced July 1. Revenues for August exceeded any month in our operating history. Our primary operating emphasis continues to be focused on generating financial and operating leverage Operating Leverage A measurement of the degree to which a firm or project relies on fixed rather than variable costs. Notes: The higher the degree of operating leverage, the greater the potential danger from forecasting risk. from increased revenues. "In instituting this initial cash dividend we are able to share directly with our shareholders the operating and financial success created at Collegiate. We have designed the Company to achieve maximum operating leverage with minimal commitments to fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → . The first dividend distribution date will be announced shortly. The declaration of this cash dividend does not diminish our interest in new acquisitions, joint ventures or licensing agreements. We continue to pursue each and remain confident that we will close accretive transactions in due time." Collegiate Pacific is the nation's fastest growing manufacturer and supplier of sports equipment primarily to the institutional markets. The Company offers more than 3,200 products to 35,000 existing customers. This report includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and is subject to the safe-harbor created by that section. The Company's actual results may differ from the results discussed in any forward looking statements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion