Crown Crafts(US:CRWS)2019-04-26 19:58Company Overview - Crown Crafts is a major US producer of infant, toddler, and juvenile consumer products with leading name-brand and private-label merchandise[3] - The company emphasizes sustained market leadership, product innovation, strong licensing and retail relationships, and ethical practices[3] - The company has returned $362 million in dividends to stockholders since 2010[4] Business Segments - NoJo Baby & Kids accounts for 54% of net sales, focusing on infant and toddler bedding, blankets, and accessories[9] - Sassy Baby contributes 38% of net sales, offering developmental toys, feeding, and care products[9] - Carousel Designs represents 8% of net sales, specializing in premium infant and toddler bedding and nursery decor, sold directly to consumers[9] - Disposables account for 24% of gross sales, while infant bedding accounts for 25%[9] Financial Performance - Net sales were $7027 million in fiscal year 2018[40] - Adjusted EBITDA was $9518 million in fiscal year 2018, representing 135% of net sales[40] - For the third quarter of fiscal year 2019, net sales were $18668 million and adjusted diluted earnings per share were $015[40] - For the year-to-date (9 months) of fiscal year 2019, net sales were $54664 million and adjusted diluted earnings per share were $038[40] Market Trends - US births have decreased by nearly 11% from 2007 to 2017[25] - Birth rates among women in their 30s and 40s are increasing[28]