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GSI Group Reports Revenue Growth in 2015

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BEDFORD, Mass., March 17, 2016 — GSI Group Inc. has reported 2015 generated GAAP revenue of $373.6 million, up 2 percent from 2014’s total of $364.7 million. Adjusted revenue for the full year 2015 was $368 million, an increase of 7 percent from $342.5 million for the full year 2014.

The company acquired three technology businesses to enhance its product portfolio and competitive position. It also divested the non-core JK Lasers business for what GSI called an “attractive valuation.”

Year-end momentum in medical applications stabilized the company’s revenue base and offset slowing demand in certain industrial markets.

For the full year 2015, GAAP operating income from continuing operations was $28.9 million, compared to a loss of $16.8 million for 2014. Adjusted operating income from continuing operations was $49.9 million for the full year 2015, compared to $44.7 million for 2014.  

GSI Group Inc. designs, develops, manufactures and sells precision photonics and motion control components and subsystems to OEMs in medical and advanced industrial markets.
Mar 2016
BusinessAmericasearningsGSIJK LasersindustrialBiophotonicsMassachusettsRapidScan

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