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

Spectra-Physics Encouraged by Fourth-Quarter Results
Jan 2000
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 returned to solid profitability in the fourth quarter, said Patrick L. Edsell, Spectra-Physics' chairman, president and CEO. Our initiatives to focus on high-growth opportunities in telecommunications and other strategic markets have begun to yield results. We have entered the new fiscal year with a strong order flow and look forward to further strengthening our business through 2000 and beyond.
Last week the company announced that it had signed its first multi-year sales agreement for 200-GHz thin-film filters -- part of Spectra-Physics' Zeroshift line of passive optical components -- with a major manufacturer of dense-WDM devices for the telecommunications market.

CommunicationsNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 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.