| LaBarge Posts Record Highs |
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| Thursday, 01 May 2008 07:13 | |||
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ST. LOUIS – Electronics provider LaBarge Inc. reported fiscal 2008 third-quarter net sales of $75.4 million, up 27% year-over-year. Net earnings rose 52% year-over-year to $4.3 million, the company said. Net sales for the nine months ended March 30 grew 18% to $201.7 million compared to the same period in 2007. Net earnings for the period grew 21% to $10.3 million. Bookings remained strong during the third quarter, with the largest contributions coming from the defense, industrial and natural resources market sectors, said LaBarge. After a record level of shipments in the third quarter, backlog at March 30 was $238.06 million, down 3% sequentially, and up 16% from a year earlier. Shipments on a variety of defense programs comprised the largest portion of revenues, accounting for 37% of net sales, compared with 39% in the previous year’s third quarter. Shipments to industrial customers were 19% of revenues, compared to 14% in the same quarter last year. Shipments to commercial aerospace customers were 8% of revenues, compared with 5% last year. Shipments to medical customers represented 7%, versus 3% in the year-ago third quarter. LaBarge anticipates sales and earnings in the fourth quarter to be comparable to third-quarter results.
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| Last Updated on Thursday, 01 May 2008 07:14 |
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Polyonics Introduces Double Coated Bonding Tapes
Ultra thin double coated tapes are for bonding and attaching components and assemblies where high dielectric strength is required. REACH and RoHS compatible. Come in polyimide (PI) and polyester...
Ultra thin double coated tapes are for bonding and attaching components and assemblies where high dielectric strength is required. REACH and RoHS compatible. Come in polyimide (PI) and polyester...
