Supreme Industries (STS) Misses Q4 EPS by 3c

Supreme Industries (NYSE: STS) reported Q4 EPS of $0.12, $0.03 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $61.9 million versus the consensus estimate of $56 million.

Fourth Quarter 2016 Results

Net sales in the fourth quarter of 2016 totaled $61.9 million, compared with $67.7 million in the comparable period of 2015. Third quarter retail orders were down quarter-over-quarter, contributing to the 8.6% fourth quarter sales decline.

The lower sales volume, coupled with a less profitable product mix, resulted in a gross margin, as a percentage of sales, of 19.9% in the fourth quarter. This compared with 21.7% in the same quarter last year. Operating income was $2.7 million in the quarter, down from $5.7 million in the fourth quarter of 2015.

Fourth quarter net income in 2016 totaled $2.0 million, or $0.12 per diluted share, compared with $3.8 million, or $0.22 per diluted share in 2015’s fourth quarter.

For earnings history and earnings-related data on Supreme Industries (STS) click here.

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