Rofin-Sinar Profits Down in Second Quarter
PLYMOUTH, Mich., and HAMBURG, Germany, May 9, 2014 — Laser manufacturer Rofin-Sinar Technologies Inc. reported $4.5 million in profits in its second fiscal quarter, down 39.2 percent from $7.4 million a year ago.
President and CEO Gunther Braun said the company at the end of the quarter saw increased demand for high-power lasers in Asia, which should support third-quarter sales. The company projects revenues in the range of $132 million to $137 million, compared to $128.6 million the second quarter.
“Sales in our macro business were affected by the softer business environment in Asia, especially in China to the machine tool industry,” he said, “whereas sales in Europe for marking and microapplications have improved across the industries, with the exception of solar applications. Business in North America has not yet strengthened, mainly suffering from a slow medical device industry and automotive industry.”
Rofin-Sinar recently acquired FiLaser’s assets and plans to apply its technology to brittle materials applications.
For more information, visit: www.rofin.com