Tuesday Morning Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014
For the six months, the company reported net sales of $503,609,000 compared to $469,449,000 a year ago. Operating income was $18,468,000 compared to $5,818,000 a year ago. Income before income taxes was $17,763,000 compared to $5,147,000 a year ago. Net income was $17,429,000 or $0.40 per basic and diluted share compared to $5,665,000 or $0.13 per basic and diluted share a year ago. Net cash provided by operating activities was $8,817,000 compared to $29,483,000 a year ago. Capital expenditure was $4,215,000 compared to 8,690,000 a year ago. Adjusted operating income was $18,468,000 compared to $10,265,000 a year ago. Adjusted net income was $17,429,000 or $0.40 per diluted share compared to $9,379,000 or $0.22 per diluted share a year ago.