OCCF » Topics » Income Before Income Taxes

This excerpt taken from the OCCF 10-Q filed Jun 12, 2009.

Income Before Income Taxes

We reported a loss before income taxes of $244,000 for the second quarter of fiscal year 2009 compared to income before income taxes of $1.4 million for the second quarter of fiscal year 2008. This decrease was primarily due to the increase in SG&A expenses of $1.4 million in the second quarter of fiscal year 2009 compared to the same period in 2008.

These excerpts taken from the OCCF 10-K filed Jan 29, 2009.

Income Before Income Taxes

We reported income before income tax expense of $3.5 million for fiscal year 2008 compared to income before income tax expense of $1.9 million in fiscal year 2007. The increase was primarily due to the increase in gross profit of $7.0 million in fiscal year 2008 compared to fiscal year 2007, partially offset by the $5.3 million increase in SG&A expenses.

Income before income taxes was $1.9 million in fiscal year 2007 compared to income before income taxes of $503,000 in fiscal year 2006. This increase was primarily due to the increase in gross profit of $1.7 million, partially offset by an increase in SG&A expenses of $400,000.

Income Before Income Taxes

We
reported income before income tax expense of $3.5 million for fiscal year 2008 compared to income before income tax expense of $1.9 million in fiscal year 2007. The increase was primarily due to the increase in gross profit of $7.0 million in fiscal
year 2008 compared to fiscal year 2007, partially offset by the $5.3 million increase in SG&A expenses.

Income before income taxes was $1.9 million in
fiscal year 2007 compared to income before income taxes of $503,000 in fiscal year 2006. This increase was primarily due to the increase in gross profit of $1.7 million, partially offset by an increase in SG&A expenses of $400,000.


This excerpt taken from the OCCF 10-Q filed Sep 15, 2008.

Income Before Income Taxes

We reported income before income tax expense of $3.5 million for the first nine months of fiscal year 2008 compared to income before income tax expense of $705,000 for the first nine months of fiscal year 2007. The increase was primarily due to the increase in gross profit of $5.5 million in the first nine months of fiscal year 2008 compared to the same period in fiscal year 2007, partially offset by the $2.8 million increase in SG&A expenses.

The acquisition of SMP Data Communications in May 2008, was a strategic acquisition for us, allowing us to provide our customers with the suite of cabling and connectivity solutions they desire. Ultimately, we believe our broader product and solutions offering will result in increased sales, possibly increased market share and ultimately increased income before income taxes. However, until we begin to realize anticipated sales synergies we do not believe the acquisition of SMP Data Communications will likely be significantly accretive to our income before income taxes in the short term.

This excerpt taken from the OCCF 10-Q filed Jun 13, 2008.

Income Before Income Taxes

We reported income before income tax expense of $1.4 million for the second quarter of fiscal year 2008 compared to income before income taxes of $370,000 for the second quarter of fiscal year 2007. This increase was primarily due to the increase in gross profit of $1.7 million in the second quarter of fiscal year 2008 compared to the same period in 2007, partially offset by the $699,000 increase in SG&A expenses.

These excerpts taken from the OCCF 10-K filed Jan 29, 2008.

Income Before Income Taxes

Income before income taxes was $1.9 million in fiscal year 2007 compared to income before income taxes of $503,000 in 2006. This increase was primarily due to the increase in gross profit of $1.7 million, partially offset by an increase in SG&A expenses of $400,000.

Income before income taxes was $503,000 in fiscal year 2006 compared to income before income taxes of $1.8 million in 2005. This decrease was primarily due to the decrease in gross profit of $2.4 million, partially offset by a decrease in SG&A expenses of $1.1 million.

Income Before Income Taxes

Income before income taxes was $1.9 million in fiscal year 2007 compared to income before income taxes of $503,000 in 2006. This increase was primarily
due to the increase in gross profit of $1.7 million, partially offset by an increase in SG&A expenses of $400,000.

Income before income taxes was
$503,000 in fiscal year 2006 compared to income before income taxes of $1.8 million in 2005. This decrease was primarily due to the decrease in gross profit of $2.4 million, partially offset by a decrease in SG&A expenses of $1.1 million.

This excerpt taken from the OCCF 10-Q filed Sep 14, 2007.

Income Before Income Taxes

We reported income before income taxes of $853,000 for the third quarter of fiscal year 2007 compared to $279,000 for the third quarter of fiscal year 2006. This change was primarily due to an increase in gross profit of $725,000 in the third quarter of fiscal year 2007 compared to the same period in 2006, partially offset by an increase in SG&A expenses for the same period of $191,000.

This excerpt taken from the OCCF 10-K filed Jan 29, 2007.

Income Before Income Taxes

Income before income taxes was $503,000 in fiscal year 2006 compared to income before income taxes of $1.8 million in 2005. This decrease was primarily due to the decrease in gross profit of $2.4 million, partially offset by a decrease in SG&A expenses of $1.1 million.

Income before income taxes was $1.8 million in fiscal year 2005 compared to income before income taxes of $1.1 million in 2004. This increase was primarily due to the increase in gross profit of $1.1 million, partially offset by an increase in SG&A expenses of $569,000.

This excerpt taken from the OCCF 10-Q filed Sep 14, 2006.

Income Before Income Taxes

We reported income before income taxes of $279,000 for the third quarter of fiscal year 2006 compared to $586,000 for the third quarter of fiscal year 2005. This change was primarily due to a decrease in gross profit of $301,000 in the third quarter of fiscal year 2006 compared to the same period in 2005.

This excerpt taken from the OCCF 10-K filed Jan 30, 2006.

Income Before Income Taxes

 

Income before income taxes was $1.8 million in fiscal year 2005 compared to income before income taxes of $1.1 million in 2004. This increase was primarily due to the increase in gross profit of $1.1 million, partially offset by an increase in SG&A expenses of $569,000.

 

Income before income taxes was $1.1 million in fiscal year 2004 compared to income before income taxes of $192,000 in 2003. This increase was primarily due to the increase in gross profit of $2.1 million, a decrease in shareholder litigation settlement expense of $871,000 and a decrease in loss on impairment of machinery and equipment of $117,000, partially offset by an increase in SG&A expenses of $2.1 million.

 

This excerpt taken from the OCCF 10-K filed Jan 26, 2005.

Income Before Income Taxes

 

Income before income taxes was $1.1 million in fiscal year 2004 compared to income before income taxes of $192,000 in 2003. This increase was primarily due to the increase in gross profit of $2.1 million, a decrease in shareholder litigation settlement expense of $871,000 and a decrease in loss on impairment of machinery and equipment of $117,000, partially offset by an increase in SG&A expenses of $2.1 million.

 

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  Optical Cable Corporation


Income before income taxes was $192,000 in fiscal year 2003 compared to income before income taxes of $216,000 in 2002. This decrease was primarily due to the decrease in gross profit of $382,000 and an increase in loss on impairment of machinery and equipment of $117,000, partially offset by a decrease in SG&A expenses of $294,000, a decrease in shareholder litigation settlement expense of $127,000 and a decrease in other expense, net, of $55,000.

 

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