Excel reports record first quarter earnings and revenue.HAUPPAUGE Hauppauge can refer to:
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 : XLTC) announced record revenues and earnings for the first quarter ended March 31, 1996. Revenues increased 45% to $13.9 million for the quarter ended March 31, 1996 from $9.6 million for the same quarter in 1995. Pre-tax pre-tax adj → anterior al impuesto pre-tax adj → avant impôt(s) pre-tax adj → al lordo d'imposta earnings increased 164% to $1.6 million from $607,000 for the first quarter of 1995. After-tax af·ter-tax also af·ter·tax adj. Relating to or being that which remains after payment, especially of income taxes: after-tax profits. earnings for the first quarter ended March 31, 1996 increased 152% to $1.06 million from $420,000 for the same quarter in 1995. Earnings per share fully-diluted for the first quarter ended March 31, 1996 increased 120% to $0.11 per share from $0.05 per share for the same period last year. Chairman 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. J. Donald Donald (Domnall, Domhnall, Dumhnuil, Dónall) is an anglicized version of a Scottish or Irish Gaelic personal name, containing the elements dumno "world" and val "rule", viz. "ruler of the world". Compare Dumnorix. Hill commented, "As anticipated, revenues grew and profit margins improved significantly by focusing on operational efficiency." He added, "Each of our businesses contributed to this growth, as did our 1995 acquisitions." Hill reiterated his optimism about Excel's future throughout 1996 and beyond. Excel A full-featured spreadsheet for Windows and the Macintosh from Microsoft. It can link many spreadsheets for consolidation and provides a wide variety of business graphics and charts for creating presentation materials. and its wholly-owned subsidiaries develop, manufacture and market laser systems and electro-optical components for electronic, semiconductor, other industrial and dental applications. -0-
Excel Technology Inc.
Financial Summary
For the Quarter For the Quarter
Ended March 31 Ended March 31
1996 1995
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Net sales $13,896,000 $9,621,000 Pre-tax income $1,601,000 $607,000 Provision for income tax $545,000 $187,000 After-tax income(a) $1,056,000 $420,000 Net income after tax per share Primary(a) $.11 $.05 Fully diluted $.11 $.05 Weighted average shares outstanding Primary 9,029,000 8,250,947 Fully diluted 9,707,000 8,718,770 (a) The net income for the quarters ended March 31, 1996 and 1995 is reduced by approximately $36,344 and $47,000, respectively for the the calculation of primary earnings per share to allow for the anticipated preferred stock dividends. CONTACT: Excel Technology Inc., Hauppauge J. Donald Hill or Dennis Dennis is a male first name derived from the Greco-Roman name Dionysius meaning "servant of Dionysus", the Thracian god of wine, which is ultimately derived from the Greek Dios (Διος, "of Zeus") combined with Nysos or Nysa (Νυσα), where the Byrne, 516/273-6900 |
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