THERMEDICS INC. ANNOUNCES THIRD QUARTER RESULTS
THERMEDICS INC. ANNOUNCES THIRD QUARTER RESULTS WOBURN, Mass., Nov. 5 /PRNewswire/ -- Thermedics Inc. (AMEX: TMD)
today reported revenues of $6,870,000 for the quarter ended Sept. 28, 1991, compared with $7,501,000 in 1990. Net income was $214,000, compared with $858,000 in 1990.
"Although revenues for the company as a whole were down for the third quarter, sales of our detection instruments continue to increase," said John W. Wood Jr., president of Thermedics. "In addition to marketing the EGIS(R) explosives detector and the Sentor(tm) drug detector, we will soon be providing drug-detection services through a marketing agreement with Pinkerton Security & Investigation Services." Thermedics develops, manufactures, and markets biomaterials, biomedical products, analytical instruments, and explosives- and drug-detection devices, and provides analytical laboratory services. Thermedics is a public subsidiary of Thermo Electron Corporation (NYSE: TMO). THERMEDICS INC. Financial Highlights Three Months Ended Nine Months Ended 9/28/91 9/29/90 9/28/91 9/29/90 Revenues $6,870,000 $7,501,000 $23,684,000 $21,018,000 Income before provision for income taxes 464,000 1,397,000 2,367,000 2,953,000 Net income 214,000 858,000 1,414,000 2,394,000 Earnings per share 1 cent 5 cents 8 cents 13 cents Weighted average shares 18,524,000 18,227,000 18,437,000 17,913,000 -0- 11/5/91 /CONTACT: John N. Hatsopoulos, vice president and chief financial officer of Thermedics, 617-622-1111/ (TMD TMO) CO: Thermedics Inc.; Thermo Electron Corporation ST: Massachusetts IN: AIR MTC SU: ERN SH -- NE008 -- 1098 11/05/91 08:53 EST
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|Date:||Nov 5, 1991|
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