Aerosonic Reports Fourth Quarter And Fiscal Year 2012 Results
Aerosonic Corporation (NYSE Amex: AIM), a leading supplier of precision flight products for commercial, business and military aircraft, announced that today it filed its Annual Report on Form 10-K for the year ended January 31, 2012, with the United States Securities and Exchange Commission.
|Quarter Ended January 31,||Year Ended January 31,|
|Basic income per share||$||0.19||$||0.07||$||0.10||$||0.17|
|Diluted income per share||$||0.18||$||0.06||$||0.10||$||0.15|
For the fiscal quarter ended January 31, 2012, the Company reported net sales of approximately $9.2 million, up 4% as compared to net sales of approximately $8.8 million for the fiscal quarter ended January 31, 2011 due primarily to increased sales of development products and services. Net sales were $29.6 million for fiscal year 2012 which was consistent with net sales for fiscal year 2011. During fiscal year 2012, our sales volume decreased from the prior year by approximately $1.3 million on reduced demand for mechanical instruments and sensor products, offset by approximately $1.3 million of increased sales of development products and services, while the sales of spares and repairs were comparable year to year. During fiscal year 2012, we received new orders totaling $38.4 million, not including options, which was $12.2 million, or 47%, greater than fiscal year 2011. These orders increased our backlog of firm orders to nearly $25.5 million as of January 31, 2012, a 53% increase over the backlog of $16.7 million as of January 31, 2011.
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