Close

Search

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

Galileo Corp. Reports Second Quarter Results

Photonics.com
Apr 1999
STURBRIDGE, Mass., April 26 -- Galileo Corporation reported net income of $180,000, or $.02 per share, on sales of $10.8 million for its second quarter of fiscal 1999. For the second quarter of the previous fiscal year, the company had reported a net loss of $896,000, or a loss of $.12 per share, on sales of $11.5 million. Lower sales in the company's Scientific Detector Products business led to a 5.5% drop in sales for the quarter as compared with the same period last year.
Galileo attributed its improved profitability to the recent realignment of the company's businesses, discontinuation of certain development programs, write-offs of some non-productive assets, and aggressive cost reductions. President and CEO W. Kip Speyer said that the second quarter results demonstrate that Galileo has started to meet its objective of restoring profitability and credibility through tangible accomplishments.

News & FeaturesSensors & Detectors

Comments
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, info@photonics.com
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.