secwatch.observer — SEC 8-K summary
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Issuer:     CROWN CRAFTS INC (CRWS)
CIK:        0000025895
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001437749-21-026004
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Crafts Q2 net income $2.4M, EPS $0.24; declares special $0.35 dividend
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- Net sales $20.2M, net income $2.4M ($0.24 diluted EPS) for Q2 fiscal 2022 vs $21.7M sales, $2.5M income in prior year Q2.
- Excluding Carousel Designs (ceased May 2021), comparable net sales flat at $20.2M; gross margin fell to 30.2% from 32.1%.
- Board declared special cash dividend of $0.35/share plus regular quarterly $0.08, payable Dec 31 to holders of record Dec 10.
- Six-month net income $5.1M ($0.50 diluted) includes $1.985M PPP loan forgiveness gain; adjusted net income $3.9M vs $3.6M prior year.
- CEO cites labor shortages and Hurricane Ida but delivers solid results; over $52.9M distributed in dividends since 2010.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25895/000143774921026004/0001437749-21-026004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25895/000143774921026004/crws20211104_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-026004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer