CEM Reports Record Q3 Results.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: --Q3 Revenue increases 15% --Life Science Division grows 36% --Operating income increases 38% CEM Corporation, a leading provider of microwave laboratory instrumentation, announced results for its third fiscal quarter ending June 30, 2005. Revenue for the third quarter was $13.5 million, compared to $11.7 million the previous year, a 15% increase. Once again, CEM's Life Science Division led the Company's growth for the quarter with a 36% increase in revenue over the same time period the previous year. 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. in the third quarter increased 38% to $1.8 million compared to $1.3 million for the third quarter of 2004. Revenues for the nine months ended June 30, 2005, were $40 million, an increase of 14% over the $35.1 million reported for the comparable period in 2004. Operating income for the nine months ended June 30, 2005 increased 15% to $5.75 million versus $4.98 million for the comparable period in 2004. "CEM's Life Science Division continues to experience strong growth due to the increasing acceptance of microwave chemistry Microwave chemistry is the science of applying microwave irradiation to chemical reactions [1] [2] [3] [4]. Microwaves act as high frequency electric fields and will generally heat anything with a mobile electric charge. in the pharmaceutical and biotechnology industries," 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. "Our Discover(R) System continues to be the best-selling microwave synthesizer synthesizer Machine that electronically generates and modifies sounds, frequently with the use of a digital computer, for use in the composition of electronic music and in live performance. on the market, further solidifying our market leadership position. Our other divisions also continue to do quite well. We are very pleased with the results of the third quarter and are confident that the momentum we've built will enable us to finish the year with record results." "Our continued emphasis on R&D has resulted in a strong product pipeline designed to offer innovative solutions to the challenges of today's chemists and we will launch several major new products later this year," 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 a 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, biotech, 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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