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GSI Revenues, Earnings Climb

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BEDFORD, Mass., Nov. 6, 2014 — GSI Group Inc. reported across-the-board revenue increases and higher earnings in the third quarter.

Net income was $4.5 million, up from $1.8 million in the third quarter of 2013. Revenues were $94.7 million, an increase of 18.5 percent from $79.9 million in the third quarter of 2013. All three of the company’s operating segments — laser products, medical products and precision motion — brought in higher revenues than in the same period last year.

The company said it expects full-year revenues of $364 million to $367 million, or 15 to 16 percent more than in 2013.

GSI makes components for medical and industrial OEMs including laser sources, laser scanning and beam-delivery products, optical data collection and machine-vision technologies, medical visualization and informatics, and precision motion control products.

For more information, visit www.gsig.com.
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Published: November 2014
Glossary
positioning
Positioning generally refers to the determination or identification of the location or placement of an object, person, or entity in a specific space or relative to a reference point. The term is used in various contexts, and the methods for positioning can vary depending on the application. Key aspects of positioning include: Spatial coordinates: Positioning often involves expressing the location of an object in terms of spatial coordinates. These coordinates may include dimensions such as...
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