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SEC Filings

10-Q
ACETO CORP filed this Form 10-Q on 11/03/2017
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ACETO CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(unaudited and in thousands, except per-share amounts)

 

   Three months Ended
September 30
 
   2017   2016 
Net sales  $185,255   $128,018 
Cost of sales   145,272    97,179 
Gross profit   39,983    30,839 
           
Selling, general and administrative expenses   31,149    21,024 
Research and development expenses   1,615    1,050 
Operating income   7,219    8,765 
           
Other (expense) income:          
Interest expense   (5,355)   (2,233)
Interest and other income, net   274    248 
    (5,081)   (1,985)
           
Income before income taxes   2,138    6,780 
Income tax provision   1,684    2,395 
Net income  $454   $4,385 
           
Basic income per common share  $0.01   $0.15 
Diluted income per common share  $0.01   $0.15 
           
Weighted average shares outstanding:          
Basic   34,975    29,518 
Diluted   35,259    29,840 

 

See accompanying notes to condensed consolidated financial statements and accountants’ review report.

 

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