Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.21.2
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Condensed Consolidated Statements of Earnings        
Net sales $ 75,350,000 $ 56,586,000 $ 138,163,000 $ 119,206,000
Cost of sales 64,371,000 49,472,000 116,341,000 103,927,000
Gross profit 10,979,000 7,114,000 21,822,000 15,279,000
Selling, general, and administrative expenses 8,138,000 5,469,000 16,551,000 10,873,000
Legal and financial advisory expenses, net - unsolicited bid and related matters 0 509,000 0 1,833,000
Acquisition related costs   235,000   638,000
Amortization and depreciation expense 398,000 143,000 796,000 239,000
Income from operations 2,443,000 758,000 4,475,000 1,696,000
Other income:        
Interest, net 291,000 24,000 301,000 86,000
Foreign currency transaction (loss) gain 25,000 161,000 (66,000) 276,000
Income before provision for income taxes 2,759,000 943,000 4,710,000 2,058,000
Provision for income taxes 615,000 362,000 1,046,000 641,000
Net income $ 2,144,000 $ 581,000 $ 3,664,000 $ 1,417,000
Income per common share-Basic $ 0.49 $ 0.13 $ 0.84 $ 0.31
Income per common share-Diluted $ 0.49 $ 0.13 $ 0.84 $ 0.31
Weighted average common shares outstanding - Basic (in shares) 4,260 4,255 4,254 4,351
Weighted average common shares outstanding - Diluted (in shares) 4,260 4,255 4,254 4,351
Dividends paid per common share (in dollars per share) $ 0.17 $ 0.17 $ 0.34 $ 0.34