Rofin-Sinar Earns $9.7M Q3 Profit

Laser-based tools maker Rofin-Sinar Technologies Inc. reported a profit of $9.7 million on revenue of $110.3 million for the third quarter of 2010. The company reported a loss of $4.9 million during the same quarter one year ago on revenue of $76.6 million.

The company also reported net sales for the quarter, which ended June 30, increased 44 percent from one year ago, to $110 million.

Sales of laser products used for macro applications increased by 38 percent to $42.8 million, accounting for 39 percent of total sales, the company said. Sales of lasers for marking and micro applications increased by 58 percent to $55.6 million and represented half of total sales. Components sales (11 percent of total) increased by 14 percent to $11.9 million.

"Our third quarter results demonstrate a considerable improvement in order entry and sales, as well as net income, primarily driven by increased sales to the machine tool, semiconductor, electronics and photovoltaic industries," said Rofin-Sinar CEO and President Günther Braun.

Rofin-Sinar also reported its results for the first nine months of the fiscal year, with net sales totaling nearly $300 million, a increase of 15 percent year-over-year. The weakening of the US dollar, mainly against the euro, resulted in an increase in net sales of $5.7 million for the nine-month period. Net income for the period totaled $17.9 million.

Net sales of lasers for macro applications increased by $21.8 million, or 21 percent, to $124.4 million and net sales of lasers for marking and micro applications increased by $18.3 million, or 15 percent, to $143.1 million. Sales of components stayed flat compared to fiscal year 2009 and amounted to $31.7 million.

Order entry for the quarter increased by 68 percent to $128 million compared to the third quarter last fiscal year and resulted in a backlog of $124.4 million at June 30, mainly for laser products, the company said.

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