Rofin-Sinar Earns $9.7M Q3 Profit
PLYMOUTH, Mich. and HAMBURG, Germany, Aug. 20 — 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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- That branch of science involved in the study and utilization of the motion, emissions and behaviors of currents of electrical energy flowing through gases, vacuums, semiconductors and conductors, not to be confused with electrics, which deals primarily with the conduction of large currents of electricity through metals.
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