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Ironclad Performance Wear Reports Second Quarter 2009 Results
***THEY JUST HAD AN AS* KICKING Q 2, ICPW ON A ROLL!! Net Sales Increase 57%, Gross Margins Improve and ""Operating Expenses Decline 19%"" AGAIN!! Ironclad Performance Wear Corporation (OTC Bulletin Board: (ICPW) A leader in high-performance gloves and apparel, today announced financial results for the three months ended June 30, 2009. Second Quarter 2009 Results Net sales increased 57% for the second quarter of 2009. **********This increase is the result of continued strength in Ironclad's **industrial/safety** sales channel, as well as increased international sales. INSURANCE CO. AND BIZ OWNERS LOVE THE COST SAVING AND REDUCTION OF HAND INJURIES!! Ironclad's second quarter 2009 gross margin decreased slightly to 38.5% versus 38.8% in the prior year period, however, this was a significant improvement over the first quarter's gross margin of 36.1%. Operating expenses decreased by 19% during the second quarter of 2009. These savings are a direct result of a continuing focus throughout the Company on cost containment and control. ***********Seasonality and Quarterly Results***************** Our glove business generally shows an increase in sales during the ""third and fourth quarters"" due primarily to an increase in the sale of our winter glove line during this period. We typically generate 55% - 65% of our glove net sales during these months. The first and second quarters of the year are generally considered our slower season. Even though the overall economy continues to experience a significant slow-down, which also affects us, ****""this was mitigated by the successful introduction of a new product designed specifically for the oil and gas industries plus an additional promotional order from one of our home center customers. Good Specking!! Sentiment : Strong Buy Rating :
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why ICPW will have RECORD Q 3 and Q 4 !!
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ruaspecker | (2 Ratings) | 14-Oct-09 02:26 pm | ||
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Just for the record, ICPW 3Million in revenue for ...
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wayne_tjs | (1 Rating) | 25-Oct-09 11:49 pm | ||
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Ironclad Performance Wear and 5.11 Tactical Join F...
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ruaspecker | (1 Rating) | 4-Nov-09 01:14 pm |
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