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Spectra-Physics Encouraged by Fourth-Quarter Results

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MOUNTAIN VIEW, Calif., Jan. 21 -- Spectra-Physics reported net sales of $41.2 million for the fourth quarter ended December 31, 1999, compared with $45.5 million for the same period in 1998. The company's book-to-bill ratio was 1.15, compared with 1.11 for the third quarter of fiscal 1999 and 0.89 a year ago. Net income for the quarter was $1.6 million, or 9 cents per diluted share, compared with $3.3 million, or 21 cents per diluted share, for the fourth quarter of 1998. After a challenging first three quarters, we're pleased to have regained our revenue momentum and...Read full article

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    Published: January 2000
    CommunicationsNews & Features

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