Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Keithley Reports Profitable Q1
Feb 2010
CLEVELAND, Feb 9, 2010 -- Keithley Instruments Inc., a developer and producer of advanced electrical test instruments and systems, has announced results for its fiscal 2010 first quarter, ending Dec. 31, 2009.

Net sales of $28.4 million for the first quarter of fiscal 2010 decreased $2.7 million, or 9 percent, from net sales of $31.1 million from the same period a year ago. First-quarter fiscal 2010 net income, however, was $6.1 million, or 38 cents per share, which includes an after-tax gain of $3.0 million, or 19 cents per share, on the sale of the company's radio-frequency product line - an increase over the the same time period last year in which the company reported a net loss of $2.4 million, or 15 cents per share.

“We are pleased that we returned to profitability this quarter and that we are beginning to realize the earnings leverage derived from the cost reduction actions taken since September 2008,” stated Joseph P. Keithley, president and chief executive officer. “During the past year, we have moved aggressively to reduce our cost structure and operate more efficiently."

He added, “We are increasingly optimistic yet cautious as to when our customers’ production-related spending will materially increase for test and measurement equipment. We are encouraged by the growth opportunities for our existing and new applications and believe that we are benefiting from initiatives around the world related to energy-efficiency improvements and new semiconductor device technology.”

For more information, visit:  

Businesselectrical test instrumentsEnergy EfficiencyJoseph P. KeithleyKeithleyOhiosemiconductorTest & Measurement

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.