CEM Achieves Record-Breaking Results for FY 2004.MATTHEWS, N.C. -- CEM CEM contagious equine metritis. CEM selective medium chocolate agar made with Eugon agar and 5% horse blood; used to cultivate Taylorella equigenitalis. Corporation: --Revenue increases 11% to $49M --Operating Income increases 8% to $7.3M --Life Science Division grows 16% CEM Corporation, the leading provider of microwave laboratory instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. , announced results today for its fiscal year ending September 30, 2004. Revenue for the year reached a record $48.7 million compared to $43.8 million for the same time period the previous year, an increase of 11%. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. grew 7.9% to $7.3 million from $6.8 million the prior year. International sales led the Company's growth, increasing 19% to $28 million from $23.5 million the prior year. CEM's Life Science Division continued its strong overall performance growing 16% in fiscal 2004. "Fiscal 2004 was another highly successful year for CEM and we are very pleased with the overall results," said Michael J. Collins, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CEM Corporation. "This is the third consecutive year we have achieved record results and during this period our revenue has grown 45% and operating income has increased 89%. We have had great success in entering the Life Science market and with the introduction of major new products in all of our business areas. The Company saw strong sales across all three of its divisions: Life Sciences, Analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. Laboratory and Process Control. The Company plans to introduce several new products for the life science and analytical laboratory markets in the coming year. "In fiscal 2004, our R&D activities resulted in a strong pipeline of microwave-based products and we are expanding our efforts in the coming year to further enhance our product design and development capabilities. As a result, we expect to see strong growth for the Company worldwide in 2005," concluded Collins. CEM Corporation, a private company based in Matthews, North Carolina Matthews is a town in Mecklenburg County, North Carolina and a suburb of the city of Charlotte. The population was 22,127 at the 2000 census. Geography Matthews is located at (35.116851, -80. , is the leading provider of microwave laboratory instrumentation. The Company has subsidiaries in the United Kingdom, Germany, Italy and France, as well as a global network of distributors. CEM designs and manufactures systems for life sciences, analytical laboratories and processing plants worldwide. The Company's products are used in many industries including pharmaceutical, chemical and food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. , as well as academic research. |
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