Here’s a quick update on our financial results through the first four months of our fiscal year. Although December was a good month in terms of both volume and earnings, the warm fall and the lack of demand for propane crop drying hurt our earnings during the first few months. As you can see from the chart below, year-to-date earnings through December were $1.2 million compared to a budget of almost $9 million.
| YTD Actual | YTD Budget | |
| Sales | $303,466,121 | $303,598,437 |
| Gross Margins | $61,783,206 | $68,146,937 |
| Other Operating Income | $1,965,340 | $3,159,570 |
| Expenses | $61,478,666 | $62,594,954 |
| Misc. Income and Expense | $(1,113,251) | $235,204 |
| Net Income | $1,156,629 | $8,946,757 |
Although our earnings are below budget through December, we still have a lot of winter ahead of us and the spring planting season will soon be here. There is still plenty of time to meet our budgeted earnings for the year. We can’t control the weather, but we can control what we do every day. We have a lot of momentum going in this company, so stay the course. And, with a little help from Mother Nature, we should still have a very good year.