BNS Holding Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2009. For the quarter, the company reported net sales were $71.6 million compared to $73.7 million for the same period of last year. Income from operations was $4.9 million compared to $3.1 million for the same period of last year. Net income was $1.2 million or $0.41 per basic and diluted share compared to net income of $22,500 or $0.01 per basic and diluted share for the same period of last year. Income before income tax (provision) benefit and minority interest was $2.6 million compared to $0.5 million for the same period of last year. For the six months, the company reported net sales of $209.6 million compared to $215.6 million for the same period of last year. Income from operations was $11.9 million compared to $9.4 million for the same period of last year. Net income was $2.2 million or $0.72 per basic and diluted share compared to a net loss of $220,000 or $0.07 loss per basic and diluted share for the same period of last year. Income before income tax (provision) benefit and minority interest was $5.1 million compared to $0.8 million for the same period of last year.

BNS Holding Inc., Q3 2009 Earnings Call, Sep 21 2009

BNS Holding Inc. announced unaudited consolidated earnings results for the second quarter and six months ended April 30, 2009. For the quarter net sales of the company were $70.1 million as compared to $64.4 million in the three months ended April 30, 2008. Income from operations was $4.0 million as compared to $2.7 million a year ago. Net income was $719,000 or $0.24 per basic and diluted share as compared to a net loss of $254,000 or $0.09 per basic and diluted share for the three months ended April 30, 2008. The improved results were due to higher unit sales volumes, improved gross margins and lower operating expenses in the three months ended April 30, 2009 as compared to the three months ended April 30, 2008. EBITDA was $5.2 million and $4.4 million, respectively, for the three months ended April 30, 2009 as compared to the three months ended April 30, 2008. The EBITDA results are before non-recurring charges and plant closure expenses of $0.0 million and $0.4 million in 2009 and 2008, respectively, and related party fees and expense of $0.4 million in each of 2009 and 2008. For the quarter income from operations was $4.0 million against $2.7 million and income before income taxes and minority interest was $1 million against loss before income taxes and minority interest of $0.15 million reported in the same period last year. Net sales for the six months were $138.0 million as compared to $141.9 million for the six months ended April 30, 2008. Income from operations was $7.0 million as compared to $6.3 million reported last year. Net income was $921,000 or $0.31 per basic and diluted share compared to a net loss of $243,000 or $0.08 per basic and diluted share a year ago. The improved results were due to lower operating expenses and lower interest expense in the six months ended April 30, 2009 as compared to the six months ended April 30, 2008. For the six months income from operations was $7 million against $6.3 million and income before income taxes and minority interest was $2.5 million against $0.22 million reported in the same period last year. At the company's Annual Meeting of Shareholders held on May 28, 2009, the company's stockholders elected Kenneth Kermes, J. Robert Held and James Henderson to serve on the Board of Directors until the 2010 Annual Meeting of Stockholders and until their successors have been duly elected and qualified.