Analogic announces revenues and earnings for its second quarter.PEABODY Peabody (pē`bədē, –bädē), city (1990 pop. 47,039), Essex co., NE Mass., a suburb of Boston, on the Danvers River; settled c.1633, inc. as South Danvers 1855, name changed 1868. , Mass.--(HealthWire)--March 3, 1997--Analogic Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ALOG ALOG Army Logistician (Magazine) ALOG Army Logistics ALOG Activity Log ALOG AWIS Logistics ), a leading manufactuer of high precision medical and industrial, diagnostic and measurement instuments and equipment, announced today revenues and earnings for its second quarter and six-month period ending Jan. 31, 1997. Revenues for the second quarter ended Jan. 31, 1997, were a record $61,731,000 compared with the prior year's second quarter revenues of $53,146,000, an increase of 16 percent. Net income for the second quarter was $4,579,000, or $.36 per share compared with $2,000,000, or $.16 per share for the prior year's second quarter, an increase of 129 percent. Revenues for the six months ended Jan. 31, 1997, were a record $121,204,000 compared with the prior year's six months' revenues of $99,625,000, an increase of 22 percent. Net income for the six-month period was $8,513,000, or $.67 per share compared with $3,359,000, or $.27 per share for the same period a year ago, an increase of 153 percent.
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Analogic Corp.
Consolidated Condensed Statements of Earnings
(Thousands, except share data)
Three Months Ended Six Months Ended
Jan. 31 Jan. 31
(Unaudited) (Unaudited)
1997 1996 1997 1996
Revenues:
Product & Service, Net $54,262 $49,408 $106,646 $88,897
Engineering & Licensing 3,843 587 6,205 1,987
Other Operating Revenues 2,241 1,858 5,645 5,085
Interest & Dividend Income 1,385 1,293 2,708 3,656
Total Revenues $61,731 $53,146 $121,204 $99,625
Income Before Income taxes
and Minority Interest $ 6,529 $ 2,744 $ 12,500 $ 3,278
Provision for Income Taxes 1,921 620 3,887 337
Minority Interest in Net Income
(loss) of Consolidated
Subsidiaries 29 124 100 (418)
Net Income $ 4,579 $ 2,000 $ 8,513 $ 3,359
Net income Per Common
Equivalent Share $ 0.36 $ 0.16 $ 0.67 $ 0.27
Dividends Declared Per Share $ 0.05 $ 0.04 $ 0.10 $ 0.08
Equivalent Shares
Outstanding 12,687,221 12,528,704 12,670,575 12,534,471
CONTACT: Analogic An`a`log´ic a. 1. Of or belonging to analogy. Corp., John A. Tarello 508/977-3000 |
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