Ballantyne Strong, Inc. (NYSE MKT: BTN):
| Conference call:
|| Today - Friday, August 3, 2012 at 10:00 AM ET
| Webcast / Replay URL:
|| http://www.strong-world.com (Investor Relations section) or www.earnings.com
|| The replay will be available on the Internet for 90 days.
| Dial-in number:
|| 800/272-9104 (no pass code required)
Ballantyne Strong, Inc. (NYSE MKT: BTN), a provider of digital cinema projection equipment, screens and services as well as specialty lighting equipment, today reported financial results for the second quarter ended June 30, 2012.
Second Quarter Highlights
Second Quarter Results
- Net revenues increased 24% to $46.7 million, compared to $37.6 million in Q2 2011 including 13% growth in our Cinema service business
- Operating income was $2.5 million, which includes a $0.5 million gain from the sale of the Company’s manufacturing facility
- Achieved diluted earnings per share of $0.13, compared to $0.17 per share in Q2 2011
Ballantyne Strong’s net revenues increased 24% to $46.7 million, led by a 42% year-over-year increase in digital product sales as the cinema industry digital roll-out continues. Cinema service revenues grew 13% to $3.3 million, compared to Q2 2011 levels, reflecting the Company’s continued focus on further expanding its after-sale maintenance and Network Operations Center 24/7 monitoring businesses, in addition to digital projection system installation and integration work.