CEM Reports Record-Breaking Results for 4th Consecutive Year.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 12% --Life Science Division grows 34% --Operating income increases 11% CEM Corporation, a leading provider of microwave laboratory instrumentation, announced results for its fiscal year ending September 30, 2005. Revenue for the year reached a record $54.5 million, compared to $48.7 million the previous year, a 12% increase. 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. increased 11% to $8.1 million compared to $7.3 million the prior year. CEM's Life Science Division made strong gains with a 34% increase in revenue over fiscal 2004. Over the past four years, CEM has experienced significant growth due to new product introductions and the Company's expansion into the Life Science marketplace. Revenue increased 63% from 2001 to 2005 and operating income rose 117% during the same time period. "We are very pleased with our accomplishments over the last four years and the balanced growth we've achieved this year," 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. "Both our US and International sales groups, including Europe and Asia, have exceeded our expectations." CEM's market share and penetration into the Life Science marketplace increased despite a general slowdown in that sector, with the Company's most recent product introduction for Biosciences, the Liberty(TM) Microwave Peptide 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. , continuing to gain acceptance. The Company's Analytical Laboratory and Process Control Divisions also increased unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. . "Our strong R&D pipeline has resulted in five new product launches scheduled for the coming year, which will span all three of our business units. We also expect to continue to achieve solid growth overall in excess of ten percent in fiscal 2006," 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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