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Analogic Announces Financial Results For The Fourth Quarter And Fiscal Year Ended July 31, 2012 And Declares Quarterly Cash Dividend

Stocks in this article: ALOG

PEABODY, Mass., Sept. 13, 2012 (GLOBE NEWSWIRE) -- Analogic Corporation (Nasdaq:ALOG), enabling the world's medical imaging and aviation security technology, today announced results for its fourth quarter and fiscal year ended July 31, 2012.

Highlights for the fourth quarter (comparisons are against Q4 of fiscal 2011) included:

  • Revenue of $151.0 million, up 12%
  • GAAP operating margin of 11%, up 6 points
  • Non-GAAP operating margin of 15%, up 5 points
  • GAAP diluted EPS of $0.96, up 113%
  • Non-GAAP diluted EPS of $1.32, up 59%
  • Positive operating cash flow of $14.4 million

Highlights for fiscal year 2012 included:

  • Revenue of $516.6 million, up 9% from fiscal 2011
  • GAAP operating margin of 8%, up 4 points
  • Non-GAAP operating margin of 12%, up 4 points
  • GAAP diluted EPS of $3.42, up 141%
  • Non-GAAP diluted EPS of $3.60, up 53%
  • Positive operating cash flows of $73.7 million, including tax refund

Revenue for the fourth quarter of fiscal 2012 was $151.0 million, an increase of 12% compared with revenue of $135.3 million in the fourth quarter of fiscal 2011. GAAP net income for the fourth quarter of fiscal 2012 was $12.1 million, or $0.96 per diluted share, compared with net income of $5.6 million, or $0.45 per diluted share, in the fourth quarter of fiscal 2011.

Non-GAAP net income for the fourth quarter was $16.6 million, or $1.32 per diluted share, compared with $10.3 million, or $0.83 per diluted share, from the fourth quarter of fiscal 2011. A reconciliation of GAAP to non-GAAP results is included as an attachment to this press release.

For fiscal 2012, revenues totaled $516.6 million, compared with revenues of $473.6 million in fiscal 2011, up 9%. GAAP net income for fiscal 2012 totaled $43.1 million, or $3.42 per diluted share (includes $8.3 million, or $0.66 per share, net benefit from a tax refund), as compared with $17.8 million, or $1.42 per diluted share, for fiscal 2011. Non-GAAP net income for fiscal 2012 totaled $45.3 million, or $3.60 per diluted share, as compared with $29.5 million, or $2.35 per diluted share, for fiscal 2011.

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