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LaBarge Reports Record Q4 Sales, Earnings |
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Written by Chelsey Drysdale
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Thursday, 28 August 2008 |
ST. LOUIS – LaBarge today reported fiscal 2008 fourth-quarter net sales of $77.8 million, up 20% year-over-year.
Fourth-quarter net earnings at the EMS firm rose 58% to $4.58 million, compared to the same quarter last year.
For the quarter, gross margins improved 150 basis points year-over-year and 20 basis points for the fiscal year.
Net sales for the year ended June 29 were $279.5 million, up 19% compared to 2007. Net earnings for the year were $14.83 million, up 31%.
“Robust order flow, improving operating efficiencies and broad-based strength in the markets we serve contributed to an outstanding 2008 fiscal year for LaBarge,” said CEO and president Craig LaBarge. “Looking forward, we anticipate fiscal 2009 first-quarter sales and earnings will be up from the comparable period a year earlier.” |
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