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CCA Industries' (CAW) CEO Lance Funston on Q4 2017 Results - Earnings Call Transcript

Mar. 01, 2018 2:29 PM ETCCA Industries, Inc. (CAWW) Stock
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CCA Industries, Inc. (CAW) Q4 2017 Results Earnings Conference Call March 1, 2018 11:00 AM ET


Stephen Heit - Chief Financial Officer

Lance Funston - Chief Executive Officer


Lenny Dunn - Mutual Trust Company


Good morning. My name is Stephanie and I'll be your conference operator today. At this time, I'd like to welcome everyone to the CCA Industry's 2017 Fiscal Year-End Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

Steve Heit, Chief Financial Officer, please go ahead.

Stephen Heit

Good morning, everyone, and welcome to our year-end 2017 investor call. I'll start by reading our safe harbor statement.

Statements that are today that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward looking statements are subject to risks and uncertainties, which would cause actual results to differ materially from estimated results. Such risks and certainties are detailed in the company's filings with the Securities and Exchange Commission. No assurance can be given that the results of any forward-looking statements will be achieved and actual results could be affected by one or more factors which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.

And now that I've gotten the legal part over with, I will review with our financials and then I'll turn it over to Lance Funston, our CEO.

So for the fiscal year 2017, we posted total revenues of $19,830,098 and we had income from operations after tax of $1,831,181. That is an increase of about 55% over 2016 which had net income $1,181,210. A lot of the

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