DGAP-News: ROFIN-SINAR reports results for the second quarter and the first six months of fiscal year 2011: Second quarter order entry, sales and net income increased by 47%, 42% and 173%, respectively, year-over-year
(firmenpresse) - DGAP-News: Rofin-Sinar Technologies Inc. / Key word(s): Half Year
Results
ROFIN-SINAR reports results for the second quarter and the first six
months of fiscal year 2011: Second quarter order entry, sales and net
income increased by 47%, 42% and 173%, respectively, year-over-year
05.05.2011 / 14:10
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Plymouth, MI / Hamburg, Germany, May 5, 2011 - ROFIN-SINAR Technologies
Inc. (NASDAQ: RSTI), one of the world's leading developers and
manufacturers of high-performance laser beam sources and laser-based
solutions, today announced results for its second fiscal quarter and six
months ended March 31, 2011.
- Second Quarter -
Net sales totaled $136.2 million for the second quarter ended March 31,
2011, a 42%, or $40.3 million, increase from the comparable quarter of
fiscal year 2010. The weakening of the US dollar, mainly against the Euro,
resulted in an increase in net sales of $1.7 million in the second quarter.
Gross profit totaled $54.8 million, or 40% of net sales, compared to $37.2
million, or 39% of net sales, in the same period last fiscal year. RSTI net
income amounted to $12.7 million, or 9% of net sales, compared to $4.7
million, or 5% of net sales, in the second quarter of fiscal year 2010. The
diluted per share calculation equaled $0.43 for the quarter based upon 29.3
million weighted-average common shares outstanding, compared to the diluted
per share calculation of $0.16 based upon 29.5 million weighted-average
common shares outstanding for the same period last fiscal year.
Comparing the second fiscal quarters 2011 and 2010, SG&A expenses increased
by $2.9 million to $26.1 million, representing 19% of net sales, and second
quarter R&D expenses increased by $1.7 million to $9.5 million,
representing 7% of net sales.
Sales of laser products used for macro applications increased by 40% to
$55.7 million, accounting for 41% of total sales. Sales of lasers for
marking and micro applications increased by 45% to $66.3 million and
represented 49% of total sales. Sales of components increased by 39% to
$14.3 million and represented 10% of total sales.
- Six Months -
For the six months ended March 31, 2011, net sales totaled $273.3 million,
an increase of $84.4 million, or 45%, over the comparable period in 2010.
The fluctuation of the US dollar, mainly against the Euro, resulted in a
decrease in net sales of $4.8 million for the six month period. Gross
profit for the period was $111.1 million, $38.1 million higher than in the
same period in 2010. RSTI net income for the six month period ended March
31, 2011, totaled $27.6 million. The diluted per share calculation equaled
$0.95 for the six month period based upon 29.1 million weighted-average
common shares outstanding.
Net sales of lasers for macro applications increased by $25.5 million, or
31%, to $107.0 million, while net sales of lasers for marking and micro
applications increased by $50.9 million, or 58%, to $138.5 million. Sales
of components of $27.8 million increased by $8.0 million, or 40%, versus
the comparable period in fiscal year 2010.
On a geographical basis, net sales in North America in the first six months
increased by 54% and totaled $51.5 million (2010: $33.4 million). In
Europe, net sales increased by 31% to $128.3 million (2010: $98.0 million)
and in Asia, net sales increased by 63% to $93.5 million (2010: $57.5
million).
- Order Backlog -
Order entry for the quarter increased by 47% to $159.3 million compared to
the second quarter last fiscal year and resulted in a new record backlog of
$169.4 million at March 31, 2011, mainly for laser products. As of March
31, 2011, ROFIN-SINAR had a book-to-bill ratio for the second quarter of
1.17.
- Other Developments - Share Buyback -
As of March 31, 2011, the Company has purchased approximately 1.1 million
shares of common stock under the buyback program it announced in May 2010
for a total amount of $28.2 million.
The full text of the press release and further information including
comprehensive financial data is available online at www.rofin.com.
A conference call is scheduled for 11:00 AM Eastern, today, Thursday, May
5, 2011. This call is also being broadcast live over the internet in
listen-only mode. The record will be available on the Company's home page
for approximately 90 days. For a live webcast, please go to
http://www.rofin.com at least 10 minutes prior to the call in order to
download and install any necessary software. For more information, please
contact Delia Cannan at Taylor Rafferty in New York at +1-212-889-4350 or
Emilia Whitbread at Taylor Rafferty in London at
+44(0) 207 614 2900).
With operational headquarters in Plymouth, Michigan, and Hamburg, Germany,
ROFIN-SINAR Technologies Inc. designs, develops, engineers and manufactures
laser sources and laser-based system solutions for a wide range of
applications. With production facilities in the US, Germany, UK, Sweden,
Finland, Switzerland, Singapore, and China, ROFIN-SINAR is one of the
world's leading designers and manufacturers of industrial lasers and
currently has more than 38,000 laser units installed worldwide and serves
more than 4,000 customers. ROFIN-SINAR's shares trade on the NASDAQ Global
Select Market under the symbol RSTI and are listed in Germany in the 'Prime
Standard' segment of the Frankfurt Stock Exchange under ISIN US7750431022.
ROFIN is part of the Standard&Poor's SmallCap 600 Index and the Russell
2000 Index. Additional information is available on ROFIN-SINAR's home page:
http://www.rofin.com.
Contact:
ROFIN-SINAR Technologies
Investor Relations
ir(at)rofin.com
End of Corporate News
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Language: English
Company: Rofin-Sinar Technologies Inc.
40984 Concept Drive
MI 48170 Plymouth
Vereinigte Staaten von Amerika
Phone: + 49 (0)40 - 73363-4256
Fax: + 49 (0)40 - 73363-4138
E-mail: ir(at)rofin.com
Internet: www.rofin.com
ISIN: US7750431022
WKN: 902757
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Nasdaq
End of News DGAP News-Service
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123150 05.05.2011
Datum: 05.05.2011 - 14:10 Uhr
Sprache: Deutsch
News-ID 33979
Anzahl Zeichen: 0
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Kategorie:
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