This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ROFIN-SINAR Reports Results For The First Quarter Of FY 2013: Quarterly Revenue, Net Income And Earnings Per Share Above Guidance

Stocks in this article: RSTI

PLYMOUTH, Mich. and HAMBURG, Germany, Feb. 7, 2013 /PRNewswire/ -- ROFIN-SINAR Technologies Inc. (NASDAQ: RSTI), one of the world's leading developers and manufacturers of high-performance laser beam sources and laser-based solutions, today announced results for its first fiscal quarter ended December 31, 2012.

- First Quarter - Net sales totaled $142.2 million for the first quarter ended December 31, 2012, an 8% increase over the comparable quarter of fiscal year 2012. The strengthening of the US dollar, mainly against the Euro, resulted in a decrease in net sales of $1.6 million in the first quarter. Gross profit totaled $50.1 million, or 35% of net sales, compared to $46.9 million, or 36% of net sales, in the same period of fiscal year 2012. RSTI net income amounted to $8.9 million, or 6% of net sales, compared to $8.1 million, or 6% of net sales, in the comparable quarter last fiscal year. The diluted per share calculation equaled $0.32 for the quarter based upon 28.2 million weighted-average common shares outstanding, compared to the diluted per share calculation of $0.28 based upon 28.8 million weighted-average common shares outstanding for the same period last fiscal year.

SG&A expenses in the amount of $25.2 million represented 18% of net sales and increased by $0.5 million compared to last fiscal year's first quarter. Net R&D expenses increased by $0.5 million to $11.0 million (8% of net sales), compared to $10.5 million (8% of net sales) in the first quarter of fiscal year 2012.

Sales of laser products for macro applications increased by 4% to $48.4 million and accounted for 34% of total sales. Sales of lasers for marking and micro applications increased by 6% to $77.0 million and represented 54% of total sales. Sales of components increased by 33% to $16.8 million and represented 12% of total sales.

On a geographical basis, revenues in North America decreased slightly by 1%, totaling $26.6 million, whereas net sales increased marginally by 2% in Europe, to $60.4 million, and by 22% in Asia, to $55.2 million.

- Backlog -Order entry for the quarter increased by 12% to $137.3 million compared to the first quarter of fiscal year 2012 and resulted in a backlog of $142.1 million as of December 31, 2012, mainly for laser products. As of December 31, 2012, ROFIN-SINAR had a book-to-bill ratio of 0.97 for the first quarter.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,059.13 +5.42 0.03%
S&P 500 2,091.53 +2.76 0.13%
NASDAQ 4,808.1290 +1.27 0.03%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs