Consumer Products and Services
OS: 45,005,500 as of 2/15/2010
Appliances represented 80% or $3.75M in overall revenues against the 2010 business plan. This business segment is contracted to grow by over 100% in 2011 to $7.5-$8.0M. CPS projects that the company's position in this category will level to represent only 40-50% of the overall revenue stream due in large part to the more strategic growth of the other core categories. Outdoor Power Categories explosive growth to $2.5-$2.9M in revenue, generating 20% of the CPS business is fueled by recent contracts developed late in Q4 of FY 2010. The Floor Care Category will expand on the North American Facilities Platform to $2.0-$2.4M and represent between 15-18% of revenue, while Small Appliances and Other Opportunities will expand significantly from $200K to between $2.0-$3.5M and become 20-25% of the gross business mix. The resulting 2011 fiscal year's growth is a significant 300% based on existing contracts and pipeline growth.
Each foundation segment is experiencing dynamic growth in 2011 through the utilization and effectiveness of the multiple location North American Solutions developed strategically through FY 2010. The flexibility in meeting client requirements in new and creative ways as well as companies recognizing this is not a core competency, but indeed, a completely separate supply chain management challenge that is difficult to support with existing resources and enterprise systems will allow CPS to continue to build in these key segments over the course of FY 2011.
CPSV - Daily Candlesticks