Truett-Hurst, Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Half Year Ended December 31, 2015
For the half year, net sales were $14,875,000 against $13,346,000 a year ago. Net income from operations was $359,000 against loss from operations of $985,000 a year ago. Net income before income taxes was $121,000 against loss before income taxes of $1,204,000 a year ago. Net income attributable to the company was $165,000 or $0.00 per diluted share against net loss attributable to the company of $1,053,000 or $0.15 per diluted share a year ago. Net cash provided by operating activities was $2,400,000 against net cash used in operating activities of $1,365,000 a year ago. Acquisition of property and equipment was $368,000 against $597,000 a year ago. Acquisition of intangible and other assets was $53,000 against $138,000 a year ago.