Summer Infant Inc. announced the appointment of Dan Almagor and Derial Sanders to Summer Infant's Board of Directors effective immediately. While their specific roles are still being defined, their overall presence and responsibilities will be to further shape and refine the policies and objectives of the Company to affect the continued positive performance of Summer Infant; specifically as it continues its growth within the juvenile industry. Mr. Almagor is a consultant and private investor and currently serves on the Board of Directors of Jakks Pacific, Gallery, and Ideal Life. Mr. Sanders was a longtime employee of Graco Children's Products Inc., most recently serving as President and COO.

Summer Infant, Inc. announced financial results for the third quarter and nine months ended September 30, 2009. Net revenues for the third quarter of 2009 were $41.0 million, a 15% increase from $35.6 million in the third quarter of 2008. This growth was driven primarily by an expanded product offering at existing customers and penetration into a larger number of stores within existing customers' networks. The increase in revenue was also driven by strength in several key categories, including nursery, bath and monitors. The company reported net income of $1.95 million or $0.12 per diluted share compared to net income of $1.61 million or $0.11 per diluted share in the previous year period. Income before income taxes was $2.79 million compared to $2.42 million in the previous year period. For the nine months ended September 30, 2009, net revenues were $114.2 million, an increase of 17% compared to $98.0 million for the first nine months of 2008. EBITDA (as defined herein above), excluding deal-related fees, for the nine months ended September 30, 2009 was $10.7 million, or 9.4% of net revenues, compared to the $10.0 million, or 10.3% of net revenues, during the first nine months of 2008. The company reported net income of $4.00 million or $0.26 per diluted share compared to net income of $3.94 million or $0.27 per diluted share in the previous year period. Income before income taxes was $5.72 million compared to $6.25 million in the previous year period.

Summer Infant, Inc., Q3 2009 Earnings Call, Nov-02 2009