This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

OYO Geospace Reports Fiscal Year 2011 Third Quarter Results

OYO Geospace (NASDAQ: OYOG) today announced net income of $9.2 million, or $1.44 per diluted share, on revenues of $46.4 million for its quarter ended June 30, 2011. This compares with a net income of $5.1 million, or $0.81 per diluted share, on revenues of $35.3 million in the comparable quarter last year.

For the nine months ended June 30, 2011, OYO Geospace recorded sales of $140.2 million and net income of $26.1 million, or $4.15 per diluted share. For the comparable period last year the company recorded sales of $92.4 million and net income of $9.0 million, or $1.45 per diluted share.

“We are pleased with our results for the third quarter ended June 30, 2011, establishing new records for net income and earnings per share for the third consecutive quarter. Revenues for the third quarter were 31.4% higher than last year’s third quarter, and 51.7% higher for the nine months ended June 30, 2011. Our customers are reporting increased demand and improved pricing for their services which gives us confidence that demand for our products will remain high in the near term. However, while we have experienced strong operating results over the last year, we are uncertain how current worldwide economic matters will potentially impact our business in the future,” said Gary D. Owens, OYO Geospace’s Chairman, President and CEO.

“For the quarter ended June 30, 2011, demand was strong across almost all product categories and geographical markets. Revenues from our seismic exploration products were 44.0% higher than last year’s third quarter, including particularly strong demand for our GSR wireless data acquisition system and marine products. While we experienced average levels of revenues from our borehole products during the third quarter, revenues on a year-to-date basis are 107.6% ahead of last year. Our industrial and thermal product revenues outpaced our prior year results for both the quarter and year-to-date periods.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs