Tektronix's Measurement Business Tops $1 Billion
BEAVERTON, Ore., June 23 -- Tektronix Inc. has announced sales of over $1 billion for fiscal year 2000 for its measurement business. This represents a 20 percent growth over net sales of $879.5 million for the same 1999 period, generating $1.66 per share comparedto $1.01 per share in fiscal 1999 for the measurement business. Net sales for the final three months of fiscal 2000 were $298.7 million compared with $243.8 million for the same 1999 period, an increase of 23 percent. Earnings per share for this year's fourth quarter were $0.63 per share, compared with $0.48 per share in last year's fourth quarter.
We are very happy with fourth quarter and annual sales and earnings. During the past year, we have moved from a portfolio company to a business focused on test, measurement and monitoring, said Rick Wills, president and CEO of the company. In the midst of the transition, we executed a straightforward growth strategy and delivered results.
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