06.30.06
CCA Industries, Inc.’s second quarter revenues were $19,186,452. Pre-tax profits were $2,788,289; net profits after taxes were $1,705,108, and earnings per share fully diluted were $0.24. This was compared to revenues of $18,616,053, pre-tax profits $2,668,493, net profits after taxes $1,750,655, and earnings per share fully diluted of $0.24 for the prior year's second quarter.
For the six month period ended May 31, 2006, revenues were $34,663,282, pre-tax income was $4,547,694, income after taxes was $2,775,886, earnings per share fully diluted was $0.37 compared to revenues of $33,430,241, pre-tax income of $4,192,406, net income after taxes of $2,695,485, and earnings per share fully diluted $0.37 for the first six months of the prior year. On a pro-forma basis, pre-tax income would have been $5,033,041, up 20% from the first six months of last year, after tax income up 14% from $2,695,485 to $3,071,947, and earnings per share fully diluted up 13.9% from $0.36 to $0.41. Commencing in the third quarter and thereafter this year's and last year's financial statements will reflect all of the advertising expenses actually incurred.