Company profile

Ticker
CSS
Exchange
CEO
Christopher J. Munyan
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
131920657

CSS stock data

(
)

Calendar

14 Feb 20
2 Jul 20
31 Mar 21

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 112.93M 95.97M 57.54M 72M
Net income 7.24M 3.48M -14.25M -23.39M
Diluted EPS 0.81 0.39 -1.61 -2.62
Net profit margin 6.41% 3.63% -24.76% -32.48%
Operating income 7.73M 3.54M -13M -21.7M
Net change in cash 7.19M -7.1M -4.85M -1.82M
Cash on hand 12.35M 5.16M 12.25M 17.1M
Cost of revenue 82.95M 71.26M 45.43M 52.51M
Annual (USD) Mar 19 Mar 18 Mar 17 Mar 16
Revenue 382.26M 361.9M 322.43M
Net income -53.55M -36.52M 28.5M 17.24M
Diluted EPS -5.97 -4.01 3.13 1.87
Net profit margin -14.01% -10.09% 8.84%
Operating income* -42.47M -45.73M 9.71M 26.22M
Net change in cash -41.46M 10.87M 27.77M -16.5M
Cash on hand 17.1M 58.56M 47.69M 19.93M
Cost of revenue 292.97M 269.07M 229.34M 214.75M

Financial data from company earnings reports. *Asterisk values are approximate.

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
3 Mar 20 Cara Farley RSU Common Stock ($.10 par value) Sale back to company Dispose D 0 32,354 0 0
3 Mar 20 Philip R Broenniman Common Stock ($.10 par value) Dispose U 9.4 100 940 0
3 Mar 20 Philip R Broenniman Common Stock ($.10 par value) Dispose U 9.4 100 940 0
3 Mar 20 Philip R Broenniman Common Stock ($.10 par value) Dispose U 9.4 360,550 3.39M 0
3 Mar 20 Philip R Broenniman RSU Common Stock ($.10 par value) Sale back to company Dispose D 0 8,883 0 0
3 Mar 20 Cara Farley Common Stock ($.10 par value) Dispose U 9.4 3,583 33.68K 0
3 Mar 20 Philip R Broenniman Common Stock ($.10 par value) Dispose U 9.4 100 940 0
3 Mar 20 David M K Silver RSU Common Stock ($.10 par value) Sale back to company Dispose D 0 8,883 0 0
3 Mar 20 William G Kiesling Common Stock ($.10 par value) Dispose U 9.4 36,250 340.75K 0
3 Mar 20 William G Kiesling RSU Common Stock ($.10 par value) Sale back to company Dispose D 0 14,750 0 0
56.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 43 49 -12.2%
Opened positions 2 1 +100.0%
Closed positions 8 9 -11.1%
Increased positions 7 11 -36.4%
Reduced positions 20 16 +25.0%
13F shares
Current Prev Q Change
Total value 23.15M 22.66M +2.2%
Total shares 5M 5.36M -6.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
N Price T Rowe Associates 1M $4.42M -33.1%
Kennedy Capital Management 873.88K $3.85M +31.8%
Dimensional Fund Advisors 640.42K $2.82M -10.0%
Vanguard 452.32K $2M 0.0%
Fondren Management 370K $1.63M +60.9%
Renaissance Technologies 324.02K $1.43M +8.3%
Walthausen & Co. 316.81K $1.4M -1.1%
BLK BlackRock 200.07K $882K -0.1%
Thrivent Financial For Lutherans 125.16K $552K +9.9%
First Manhattan 111.65K $492K -3.8%
Largest transactions
Shares Bought/sold Change
N Price T Rowe Associates 1M -495.5K -33.1%
Kennedy Capital Management 873.88K +210.74K +31.8%
Fondren Management 370K +140K +60.9%
Dimensional Fund Advisors 640.42K -71.54K -10.0%
Jacobs Levy Equity Management 0 -43.57K EXIT
Renaissance Technologies 324.02K +24.9K +8.3%
FRLG Goldman Sachs 13.93K -23.94K -63.2%
Alambic Investment Management 0 -21.44K EXIT
Bridgeway Capital Management 42.3K -20.46K -32.6%
BAC Bank of America 39.53K +18.81K +90.8%

Financial report summary

?
Risks
  • Our announcement on January 20, 2020 and pendency of our acquisition by IG Design Group Americas, Inc. (“IG Design Group Americas”) pursuant to the Merger Agreement could adversely affect our business, results of operations and financial condition.
  • The proposed acquisition by IG Design Group Americas is subject to satisfying various conditions that may delay or prevent the completion of the acquisition.
  • Failure to complete the tender offer and the merger could negatively affect our stock price, business, results of operations and financial condition.
  • Litigation has arisen, and additional litigation may arise in connection with the Merger Agreement, which could be costly, prevent consummation of the tender offer and the merger, divert management’s attention and otherwise adversely affect our business, results of operations and financial condition.
  • The Merger Agreement imposes restrictions on the operation of our business prior to closing, which could adversely affect our business, results of operations and financial condition.
  • The Merger Agreement contains provisions that could discourage a third party from acquiring us prior to the completion of the tender offer and the merger.
  • If the tender offer and the merger are completed, our current stockholders will not participate in any future increase in our value.
  • Our executive officers and directors may have interests that are different from, or in addition to, those of our stockholders generally.
  • Our business, results of operations and financial condition may be adversely affected by public health epidemics, including the coronavirus reported to have originated in Wuhan, China.
Management Discussion
  • The seasonal nature of CSS’ business has historically resulted in lower sales levels and operating losses in the first and fourth quarters and comparatively higher sales levels and operating profits in the second and third quarters of the Company’s fiscal year, thereby causing significant fluctuations in the quarterly results of operations of the Company.
  • Net sales for the three months ended December 31, 2019 decreased to $112,932,000 from $133,231,000 for the three months ended December 31, 2018. This decrease was driven by decreases in craft, gift and seasonal net sales of $1,072,000, $4,373,000 and $14,854,000, respectively. The decrease in craft sales was primarily due to lower replenishment orders of needle arts and kids' crafts. The decrease in gift sales was primarily due to lower replenishment orders of social stationery products, infant products, and packaging and wholesale products. The decrease in seasonal sales was primarily due to lower sales of Christmas ribbons, bows, cards, and gift card holders, and Valentine's Day products.
  • Gross profit for the three months ended December 31, 2019 decreased to $29,987,000 from $33,463,000 for the three months ended December 31, 2018. The decrease in gross profit was primarily driven by the impact of lower sales volume and mix of sales of $8,435,000 which was partially offset by $941,000 of lower inventory step-up amortization, $824,000 of lower distribution costs, $689,000 of lower operational variances, and the absence of incremental costs of $2,544,000 related to operational inefficiencies associated with the Christmas 2018 ribbon and bow production in connection with the now complete trade remedy petition with the U.S. International Trade Commission and the U.S. Department of Commerce.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Bad
New words: abandon, absence, accuracy, Adrienne, Adverse, adversely, advisor, al, allege, allegedly, alternative, alternatively, American, arisen, assumption, attention, background, call, certainty, choose, Christopher, complaint, Compliant, confirm, confirmation, confirmed, consummate, consummated, consummation, contemplated, costly, Court, covenant, decided, decision, deduction, Delaware, disapply, discharged, discourage, distract, District, divert, diverted, doubt, duly, earliest, Eastern, effectuate, enjoin, enjoining, entirety, epidemic, exhibit, face, factory, failed, geographic, Georgia, Halberstam, health, IG, impression, inability, incorporated, indirect, Instance, intraperiod, irrevocably, Joseph, Label, lawsuit, Linkbase, located, location, mandated, merit, minute, misleading, monitoring, Munyan, offer, offered, offering, originated, parent, pendency, percent, Plc, predict, prevent, prevented, prohibition, properly, purported, purportedly, purpose, putative, quality, recommendation, recruit, registered, registrant, reinstated, representation, rescission, rescissory, running, satisfaction, Schedule, Schema, section, seller, Shanghai, shareholder, Shenzhen, Shiva, Simplifying, slightly, soliciting, Southern, Stein, suit, superior, support, surviving, Taxonomy, temporarily, tender, tendered, thereunto, timeline, tom, TopCo, Trust, unchanged, unconditionally, undersigned, untrue, validly, violated, violation, warranty, wholly, withdrawn, withholding, writing, Wuhan, XBRL, York
Removed: adequate, deemed, discrepancy, exercisability