Printer Friendly

THERMO VOLTEK ANNOUNCES YEAR-END RESULTS

 MT. KISCO, N.Y., March 9 /PRNewswire/ -- Thermo Voltek Corp. (AMEX: TVL) today reported revenues of $12,998,000 for the year ended Jan. 2, 1993, compared with $6,502,000 in 1991. Net income was $390,000 for the year ended Jan. 2, 1993, compared with a net loss of $316,000 in 1991.
 "We are pleased to report that our revenues have doubled, due primarily to our June 1992 acquisition of KeyTek Instrument Corp.," said John W. Wood Jr., president and chief executive officer of Thermo Voltek Corp. "KeyTek is a leading manufacturer of test equipment for electronic products and components, and has contributed significant commercial product revenues in the six months since acquisition."
 Thermo Voltek Corp. designs and manufactures high-voltage power conversion systems and electronic test instruments and systems for commercial, industrial, medical, defense, and scientific and energy research applications. Thermo Voltek is a subsidiary of Thermedics Inc. and Thermo Electron Corporation.
 THERMO VOLTEK CORP.
 Financial Highlights
 Three Months Ended Twelve Months Ended
 Jan. 2 Dec. 28 Jan. 2 Dec. 28
 Revenues $4,023,000 $1,814,000 $12,998,000 $6,502,000
 Income (loss)
 before income
 taxes and
 extraordinary
 credit 132,000 (50,000) 474,000 (380,000)
 Net income (loss) 92,000 15,000 390,000 (316,000)
 Earnings (loss)
 per share 4 cents 1 cent 15 cents (12 cents)
 Weighted average
 shares 2,620,000 2,620,000 2,620,000 2,620,000
 -0- 3/9/93
 /CONTACT: John Hatsopoulos of Thermo Electron, 617-622-1111/
 (TMO TVL)


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

CH -- NE013 -- 4405 03/09/93 09:34 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:Mar 9, 1993
Words:278
Previous Article:THERMO CARDIOSYSTEMS INC. ANNOUNCES YEAR-END RESULTS
Next Article:TOSCO CORPORATION DECLARES DIVIDEND
Topics:


Related Articles
THERMO VOLTEK ANNOUNCES THIRD QUARTER RESULTS
THERMO VOLTEK ANNOUNCES YEAR-END RESULTS
THERMO VOLTEK ANNOUNCES FIRST QUARTER RESULTS
THERMO VOLTEK ANNOUNCES YEAR-END RESULTS
THERMO VOLTEK ANNOUNCES RECORD YEAR-END RESULTS
THERMO VOLTEK ANNOUNCES FIRST QUARTER RESULTS
Thermo Voltek Announces Second Quarter Results
Thermo Voltek Announces Year-End Results
Thermo Voltek Anticipates Decline in First Quarter Revenues
Thermo Voltek Announces First Quarter Results

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