Ad Hoc Announcement - ROFIN-SINAR
ROFIN-SINAR Reports Results for the First Quarter Fiscal Year 2011
RSTI: First quarter order entry, sales and net income increased by 45%, 48% and 315%, respectively, year-over-year
PLYMOUTH, Mich. and HAMBURG, Germany, Feb. 3, 2011 /PRNewswire/ -- ROFIN-SINAR Technologies Inc. (Nasdaq: RSTI), one of the world's leading developers and manufacturers of high-performance laser beam sources and laser-based solutions, today announced results for its first fiscal quarter ended December 31, 2010.
- First Quarter -
Net sales totaled $137.1 million for the first quarter ended December 31, 2010, a 48% increase over the comparable quarter of fiscal year 2010. The strengthening of the US dollar, mainly against the Euro, resulted in a decrease in net sales of $6.5 million in the first quarter. Gross profit totaled $56.4 million, or 41% of net sales, compared to $35.9 million, or 39% of net sales, in the same period of fiscal year 2010. RSTI net income amounted to $14.9 million, or 11% of net sales, compared to $3.6 million, or 4% of net sales, in the comparable quarter last fiscal year. The diluted per share calculation equaled $0.51 for the quarter based upon 29.0 million weighted-average common shares outstanding, compared to the diluted per share calculation of $0.12 based upon 29.4 million weighted-average common shares outstanding for the same period last fiscal year.
SG&A expenses in the amount of $25.6 million represented 19% of net sales and increased by $3.8 million compared to last fiscal year's first quarter. Net R&D expenses increased by $0.9 million to $8.6 million (6% of net sales), compared to $7.7 million (8% of net sales) in the first quarter in fiscal year 2010.
Sales of laser products for macro applications increased by 24% to $51.4 million and accounted for 37% of total sales. Sales of lasers for marking and micro applications increased by 72% to $72.2 million and represented 53% of total sales. Sales of components increased by 43% to $13.5 million and represented 10% of total sales.
On a geographical basis, net sales in North America increased by 62% and totaled $26.6 million. In Europe, net sales increased by 19% to $59.8 million and in Asia, net sales increased by 93% to $50.7 million.
Order entry for the quarter increased by 45% to $144.6 million compared to the first quarter of fiscal year 2010 and resulted in a backlog of $146.3 million at December 31, 2010, mainly for laser products. As of December 31, 2010, ROFIN-SINAR had a book-to-bill ratio for the first quarter of 1.05.
The full text of the press release and further information including comprehensive financial data is available online at www.rofin.com.
Contact: |
Katharina Manok |
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Gunther Braun |
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ROFIN-SINAR |
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734-416-0206 |
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011-49-40-733-63-4256 |
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SOURCE ROFIN-SINAR Technologies Inc.
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