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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
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
$60.4 million, and by 22% in
- 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.