Printer Friendly

GERBER SCIENTIFIC REPORTS RESULTS

 GERBER SCIENTIFIC REPORTS RESULTS
 SOUTH WINDSOR, Conn., May 26 /PRNewswire/ -- Gerber Scientific, Inc.


(NYSE: GRB), today reported fourth quarter and annual operating results.
 For the year ended April 30, 1992, consolidated sales decreased 7 percent to $249,978,000 from $268,367,000 for the previous year. Earnings per share declined 9 percent to 31 cents for the year ended April 30, 1992, from 34 cents for the previous year, based on average shares outstanding of 23,909,000 and 23,639,000, respectively. Consolidated net earnings for the year were $7,428,000 compared with $7,961,000 last year.
 Consolidated sales for the fourth quarter ended April 30, 1992, decreased 10 percent to $62,481,000 from $69,469,000 for the same period last year. Earnings per share were 5 cents in this year's fourth quarter and 5 cents last year, based on average shares outstanding of 23,931,000 and 23,754,000, respectively. Consolidated net earnings for this year's fourth quarter were $1,276,000 compared with net earnings of $1,196,000 for the fourth quarter of last year.
 The company reported that new orders received for the year ended April 30, 1992, were $246 million compared with $259 million in the prior year. Backlog at April 30, 1992, was $57,400,000 compared with $61,400,000 at April 30, 1991.
 The company remains financially strong, with high liquidity and a low ratio of debt-to-equity. Cash and short-term investments totaled $50.6 million at April 30, 1992, and total debt as a percentage of shareholders' equity was only 5 percent.
 Gerber Scientific, Inc., produces high technology factory automation capital equipment for a variety of industries.
 GERBER SCIENTIFIC, INC.
 Consolidated Summary of Earnings
 Periods ended Three Months Year
 April 30 1992 1991 1992 1991
 Sales $62,481,000 $69,469,000 $249,978,000 $268,367,000
 Earnings before
 income taxes 1,976,000 1,846,000 11,328,000 12,261,000
 Provision for
 income taxes (700,000) (650,000) (3,900,000) (4,300,000)
 Net earnings $ 1,276,000 $ 1,196,000 $ 7,428,000 $ 7,961,000
 Earns. per share $.05 $.05 $.31 $.34
 Average shares
 outstanding 23,931,000 23,754,000 23,909,000 23,639,000
 -0- 5/26/92
 /CONTACT: Robert D. Lipira of Gerber Scientific, 203-648-8041/
 (GRB) CO: Gerber Scientific, Inc. ST: Connecticut IN: SU: ERN


GK-TS -- NY010 -- 3600 05/26/92 08:39 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 26, 1992
Words:410
Previous Article:ROSS STORES REPORTS FIRST QUARTER RESULTS
Next Article:RESEARCH SHOWS AUTOMOBILE LEASING HAS DOUBLED IN FIVE YEARS; NEW FORD CREDIT PROGRAM MAY CONVERT CASH BUYERS TO LEASING
Topics:


Related Articles
GERBER SCIENTIFIC REPORTS RESULTS
GERBER SCIENTIFIC REPORTS RESULTS
GERBER SCIENTIFIC REPORTS RESULTS
GERBER SCIENTIFIC REPORTS RESULTS
GERBER SCIENTIFIC REPORTS RESULTS
GERBER SCIENTIFIC, INC. ANTICIPATES LOWER FIRST QUARTER OPERATING RESULTS
Gerber Scientific Announces Restatement of Prior Year Financial Results.
Gerber Scientific, Inc. Finalizes First Quarter Fiscal 2008 Results and Files Form 10-Q.
Gerber Scientific Confident in Solara ion(TM) UV Technology, Confirms Expected Q1 FY2009 Volume Shipments.
Gerber Scientific Announces Grant of License Under its 'Print to Cut' Patent.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters