Printer Friendly

THERMO VOLTEK ANNOUNCES THIRD QUARTER RESULTS

 MT. KISCO, N.Y., Nov. 9 /PRNewswire/ -- Thermo Voltek Corp. (AMEX: TVL) today reported revenues of $5,057,000 for the three months ended Oct. 2, 1993, compared with $4,199,000 in 1992. Net income was $151,000 for the three months ended Oct. 2, 1993, compared with $106,000 in 1992.
 "We are pleased to be integrating a European company, Comtest Instrumentation, into Thermo Voltek, and to see Comtest's contributions reflected in our quarterly results," said John W. Wood Jr., president and chief executive officer of Thermo Voltek. "KeyTek has had a long-standing relationship with Comtest, which we acquired in August in order to expand into new segments of the electromagnetic compatibility testing market and to enhance our European presence."
 Thermo Voltek Corp. designs, manufactures, and markets instruments that test electronic systems and components for immunity to electromagnetic interference, and provides related distribution and consulting services. The company also designs and manufactures high-voltage power conversion systems for research and commercial applications, and specialized power supplies for telecommunications equipment.
 Thermo Voltek is a subsidiary of Thermedics Inc. and Thermo Electron Corporation (NYSE: TMO).
 Thermo Voltek Corp. Financial Highlights
 Three Months Ended Nine Months Ended
 Oct. 2, Sept. 26, Oct. 2, Sept. 26,
 1993 1992 1993 1992
 Revenues $5,057,000 $4,199,000 $12,841,000 $8,975,000
 Income Before
 Provision For
 Income Taxes 210,000 104,000 476,000 342,000
 Net Income 151,000 106,000 324,000 298,000
 Earnings Per
 Share (a) .04 .03 .08 .08
 Weighted Average
 Shares (a) 3,929,000 3,929,000 3,929,000 3,929,000
 Note: (a) Share data has been adjusted to reflect a three-for-two stock split distributed in November 1993.
 -0- 11/9/93
 /CONTACT: John Hatsopoulos of Thermo Electron, 617-622-1111/
 (TVL TMO)


CO: Thermo Voltek; Thermo Electron ST: New York, Massachusetts IN: CPR SU: ERN

CM-DJ -- NE006 -- 2100 11/09/93 09:12 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 9, 1993
Words:320
Previous Article:TARGET SHOPPERS CAN TRY TOYS BEFORE THEY BUY AT NOV. 14 EVENT; TARGET STORES MAKES SHOPPING FOR TOYS EASIER
Next Article:THERMO FIBERTEK ANNOUNCES THIRD QUARTER RESULTS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters