UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K CURRENT REPORT
Pursuant to Section 13 or 15(d) of the |
Date of Report: June 14, 2013
(Date of earliest event reported)
Crystal Rock Holdings, Inc.
(Exact name of registrant as specified in its charter)
DE
(State or other jurisdiction
of incorporation)
000-31797
(Commission File Number)
03-0366218
(IRS Employer
Identification Number)
1050 Buckingham St., Watertown, CT
(Address of principal executive offices)
06795
(Zip Code)
860-945-0661
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if changed since last report)
Item 2.02. Results of Operations and Financial Condition On June 14, 2013, Crystal Rock Holdings, Inc. issued the press release attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Dated: June 14, 2013 |
CRYSTAL ROCK HOLDINGS, INC.
By: /s/ Bruce S. MacDonald |
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Exhibit No. | Description |
99.1 | Press Release of Crystal Rock Holdings, Inc. dated June 14, 2013 |
WATERTOWN, CT -- (Marketwire - June 14, 2013) - Crystal Rock Holdings, Inc. (NYSE MKT: CRVP) announced its financial results for its second quarter and first half of fiscal year 2013. These results will be filed on Form 10-Q with the Securities and Exchange Commission today.
"Despite the challenging economic market conditions, we continue our efforts to achieve category and financial growth facilitated through customer lifecycle management, expanded product and service offerings, greater use of digital technology and a well-defined sales and customer care process," commented Peter Baker, President & CEO, Crystal Rock Holdings. "While we're disappointed sales decreased 1% as compared to the same quarter last year, we remain encouraged by other performance aspects, such as, higher gross profit percentage against slightly lower sales."
Crystal Rock Holdings, Inc. (NYSE MKT: CRVP), operating through its subsidiary Crystal Rock LLC, markets and distributes water, coffee, office supplies and other home and office refreshment products throughout the Northeast. The company is the largest independent home and office distributor of its kind in the United States. It bottles and distributes natural spring water under the Vermont Pure® brand, purified water with minerals added under the Crystal Rock® Waters label and roasts and packages coffee under its Cool Beans® brand. The majority of its sales are derived from a route distribution system that delivers water in 3- to 5-gallon reusable, recyclable bottles, and coffee in fractional packs or pods. With a new identity and the tagline, "Little Things Matter(SM)", Crystal Rock continues to set high standards in the home and office refreshment industry through technical innovation, a commitment to the environment, and the integration of its family roots into relationships with employees and customers. More information is available at crystalrock.com.
CRYSTAL ROCK HOLDINGS, INC. Results of Operations (Unaudited) (Unaudited) Six Months Ended: Three Months Ended: ---------------------- ---------------------- April 30, April 30, April 30, April 30, 2013 2012 2013 2012 ---------- ---------- ---------- ---------- (000's $) Sales $ 34,390 $ 34,795 $ 17,347 $ 17,561 Income from operations $ 171 $ 1,159 $ 334 $ 731 Net (Loss) Income $ (557) $ 41 $ (150) $ 95 Basic net earnings (loss) per share $ (0.03) $ 0.00 $ (0.01) $ 0.00 Diluted net earnings (loss) per share $ (0.03) $ 0.00 $ (0.01) $ 0.00 Basic Wgt. Avg. Shares Out. (000's) 21,377 21,389 21,373 21,389 Diluted Wgt Avg. Shares Out. (000's) 21,377 21,389 21,373 21,389
Note: This press release contains a forward-looking statement about executing a sales growth plan and increasing efficiency in logistics with respect to serving our customers. The following important factors could cause actual results to differ materially from those in the forward-looking statement: Increasing sales and accomplishing operating efficiencies requires a significant investment of money and management time and requires us to develop systems, such as online ordering and automated planning systems, to an extent we have not done previously. There is no assurance we can succeed in achieving either greater sales or efficiency. We have many competitors, and some are bigger and better capitalized than we are. To the extent that we try to grow business by acquisitions, we may experience difficulties integrating the acquired businesses or assets, or we may fail to realize synergistic savings that we had hoped to realize. Even if we establish a new product channel, it may not be profitable. In our Form 10-K Annual Report for the Fiscal Year ended October 31, 2012, the reader is directed to the section entitled "Products" and the discussion related to our Office Products line as well as the "Risk Factors" section where there is more information about this and other topics.
Contacts: Peter Baker CEO 860-945-0661 Ext. 3001 Bruce MacDonald CFO 802-658-9112 Ext.15