Net income for the 2012 fourth quarter increased 5.3 percent to $68.0 million from $64.5 million in the same quarter last year. Net income per diluted share increased 10.6 percent to $0.39 from $0.35 per diluted share in the 2011 comparable quarter.
Net sales for the Company's DSD segment for the 2012 fourth quarter increased 15.7 percent to $451.0 million from $389.8 million for the same period in 2011.
Gross sales to customers outside the United States rose to $115.2 million in the 2012 fourth quarter, compared with $88.9 million in the corresponding quarter in 2011.
During the 2012 fourth quarter, the Company purchased approximately 6.7 million shares of its common stock at an average purchase price of $50.86 per share. Subsequent to December 31, 2012, the Company purchased an additional 0.3 million shares of its common stock at an average purchase price of $51.99, which exhausted the availability under the share repurchase plan.Rodney C. Sacks, Chairman and Chief Executive Officer, said: "We are pleased to report another quarter of solid results. While the growth of the energy drink market in the United States has softened from previous quarters, the Monster Energy® brand continues to grow in excess of market growth. We are also pleased to report that in 2012 gross sales outside the United States for the Company exceeded $500 million. We successfully launched the Monster Energy® brand in a number of new international markets in the last few months and are continuing with new launches in 2013." He reiterated that, "The Company's energy drinks are safe, based on both the Company's and the industry's long successful track record and the scientific evidence supporting the safety of Monster Energy's® ingredients." For the 2012 fiscal year, gross sales increased 21.7 percent to $2.373 billion from $1.950 billion a year earlier. Net sales for the year ended December 31, 2012 increased 21.0 percent to $2.061 billion from $1.703 billion a year ago.