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 2012 Third Quarter Results

OYO Geospace (NASDAQ: OYOG) today announced net income of $10.7 million, or $1.67 per diluted share, on revenues of $55.2 million for its quarter ended June 30, 2012. This compares with a net income of $9.2 million, or $1.44 per diluted share, on revenues of $46.4 million in the comparable quarter last year. The third quarter of fiscal year 2012 was the second best quarter in the company’s history - second only to the previous quarter ended March 31, 2012.

For the nine months ended June 30, 2012, OYO Geospace recorded sales of $154.7 million and net income of $30.9 million, or $4.80 per diluted share. For the comparable period last year the company recorded sales of $140.2 million and net income of $26.1 million, or $4.15 per diluted share.

“We are pleased with the company’s performance in the third quarter ended June 30, 2012. For the third quarter, we reported wireless product revenues of $28.9 million compared to $21.5 million of revenues in the second quarter of fiscal year 2012 and $20.5 million of revenues in the third quarter of fiscal year 2011. During the third quarter, we sold over 30,000 wireless channels bringing our total sold channel count to 144,000 channels. At June 30, 2012, our rental fleet contained 52,000 wireless channels. Quoting activity for both sales and rentals of our wireless products is robust and efforts are being made to increase production in order to meet this anticipated future demand,” said Gary D. Owens, OYO Geospace’s Chairman, President and CEO.

“We are also pleased to announce that we shipped 2,400 channels of our new OBX wireless seabed nodal system for rental to a new customer late in the third quarter. In addition, we have received a rental commitment from another new customer for an additional 2,000 channels of the OBX nodal system which may be shipped in the fourth quarter. We are encouraged about customer interest in this new product line and have additional quotes outstanding.”

1 of 4

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
AAPL $95.18 1.64%
FB $117.44 -0.95%
GOOG $692.33 -0.84%
TSLA $232.32 -3.92%
YHOO $36.02 -1.40%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs