|
| Monday, June 05, 2006 |
Mikron Posts Record Sales and Operating Income for the Three and Six Months Ended April 30, 2006
OAKLAND, N.J.--(BUSINESS WIRE)--June 5, 2006--Mikron Infrared, Inc. (NASD: MIKR) announced its financial results for the first six months and second quarter of its fiscal year ending October 31, 2006.
Mikron's three and six month sales and operating income were records for the company. Sales of $9,259,787 for the second quarter of fiscal 2006 were 22% higher than the $7,599,721 of sales achieved during the same quarter in fiscal 2005. Operating income increased by 54% to $1,575,839 in the second quarter of fiscal 2006, from $1,021,786 in the second quarter of fiscal 2005.
Mikron's six month sales were $17,602,788 for fiscal year 2006 compared to $14,963,138 for same period in fiscal year 2005, for a comparative 18% increase. The company posted a 39% increase in operating income to $2,904,098 for the first six months of fiscal year 2006, compared to $2,093,557 for the comparable period in fiscal 2005.
Both basic and fully diluted earnings per share were $0.17 for the second quarter of fiscal 2006, compared to $0.10 in the second quarter of fiscal 2005. Basic and fully diluted earning per share were $0.31 for the first six months in fiscal year 2006, compared to $0.22 for the comparable period in fiscal 2005.
Gerry Posner, Mikron's President, commented that: "I am pleased with our second quarter performance which showed sustained strong sales and operating profit performance. Mikron's North American operations, which are experiencing an upward trend, outperformed the solid second quarter results of Mikron's European unit. This resulted in the significant increase over the comparable quarter last year in sales and operating income.
Dennis Stoneman, Mikron's Executive Vice President said: "We have seen an increase in interest in our thermal imaging cameras, especially our newly introduced TH7800 and the TH7500 cameras. These camera have allowed us to stay competitive in the thermal imaging niche while increasing our sales."
Paul Kohmescher, Mikron's Chief Financial Officer stated: "Mikron has continued to retire its long-term debt, reducing it by over $750,000 in the second quarter, and by more than $1,300,000 during the first half of fiscal 2006. Our strong cash position allowed us to acquire Kleiber GmbH on May 01, 2006 while, at the same time, we paid off all remaining debt related to the acquisition of IMPAC that we made three and a half years ago. The payment schedule we negotiated with the principals of Kleiber has enabled us to pay the approximately $330,000 purchase price without utilizing any bank financing."
About Mikron Infrared, Inc.
Mikron Infrared, Inc., founded in 1969, is a developer, manufacturer and marketer of infrared non-contact temperature measurement devices, temperature sensors, calibration sources and thermal imaging systems. Its executive offices and manufacturing facilities are located at 16 Thornton Road, Oakland, NJ (Tel. No. 201-405-0900). |
|
|
|
