This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Castle Brands Announces Fiscal 2012 Third Quarter Results

Castle Brands Inc. (NYSE Amex: ROX), a developer and international marketer of premium and super-premium branded spirits and wine, today reported financial results for the three and nine month periods ended December 31, 2011.

Operating highlights for the quarter ended December 31, 2011:
  • Gross profit increased 17.8% to $3.2 million in the third quarter, compared to $2.7 million for the third quarter of 2011
  • Loss from operations decreased 34.8% to ($0.8) million, compared to a loss of ($1.2) million for the third quarter of 2011
  • EBITDA, as adjusted, improved by 49.2% to a loss of ($0.5) million, compared to a loss of ($1.0) million for the third quarter of 2011
  • Rum sales increased 14.8% from the third quarter of 2011 to $2.6 million; led by the continued growth of Gosling’s rums
  • Excluding wine sales, third quarter revenue increased 6.7% to $8.6 million compared to $8.0 million for the third quarter of 2011.

“Castle Brands continued to deliver on the key elements of our plan. Case sales and revenues from our spirits brands were up strongly for the quarter and the year-to-date, well ahead of industry average. Cost containment continued to cause our operating margins to improve. As a result, cash consumed by operations, as measured by EBITDA, as adjusted, declined significantly,” stated Richard J. Lampen, President and Chief Executive Officer of Castle Brands. “Given these important trends, we feel that the equity we raised in 2011 and the working capital facility we put in place position us well for future growth."

“This is an exciting time for Castle Brands. We are particularly pleased with the increased penetration that Gosling’s Rums and Jefferson’s Bourbons continue to gain in key U.S. markets and we plan to boost the marketing programs, event sponsorships and promotions for these brands throughout the year. Furthermore, during the last nine months, Pallini Limoncello, Boru Vodka and our Irish whiskeys all achieved double digit year-on-year growth,” stated John Glover, Chief Operating Officer of Castle Brands. “During the current quarter, we introduced the Dark ‘n Stormy pre-mixed cocktail. We expect that this product will add even more momentum to the Gosling’s brand.”

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs