02.27.17
CCA Industries, Inc. posted preliminary results for a profitable fourth quarter.
“We have now had four profitable quarters in a row,” noted Lance Funston, chief executive officer, CCA Industries, Inc. “The company has not had a fiscal year with all four quarters showing a profit since fiscal 2009. This is due to the hard work of our management team working to eliminate unprofitable items and bringing expenses down in alignment with sales.”
According to Funston, thanks to outsourcing, CCA has reduced payroll from 20 personnel at the beginning of the 2016 fiscal year to 12 at the end of the year. The company has now completed its restructuring program and will be focusing on growing both sales and the bottom line during fiscal 2017.
“We have now had four profitable quarters in a row,” noted Lance Funston, chief executive officer, CCA Industries, Inc. “The company has not had a fiscal year with all four quarters showing a profit since fiscal 2009. This is due to the hard work of our management team working to eliminate unprofitable items and bringing expenses down in alignment with sales.”
According to Funston, thanks to outsourcing, CCA has reduced payroll from 20 personnel at the beginning of the 2016 fiscal year to 12 at the end of the year. The company has now completed its restructuring program and will be focusing on growing both sales and the bottom line during fiscal 2017.