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YAVNE, ISRAEL – Orbotech Ltd., maker of automated inspection systems for PCBs and flat panel displays, has cut its 2007 revenue outlook and posted a lower-than-expected first-quarter profit of $5.6 million, compared with earnings of $14.1 million year-over-year. The company cites the delay in pick up of the flat panel display market.

Revenue in the first quarter fell to $86.1 million from $101.4 million a year ago. The company now expects 2007 revenue of about $380 to $390 million, chief executive Rani Cohen said – $10 to $20 million less than previously projected. However, the company expects second-quarter revenue to increase slightly from the first quarter.

Sales of equipment to the PCB industry fell to $35.5 million from $40.8 million year-over-year, while sales of flat panel display inspection equipment slipped to $19.1 million from $30 million, said Orbotech.

JASPER, IN – Kimball International, Inc. announced sales for the third quarter of fiscal year 2007 were $311.6 million, an increase of 20% over sales of $260.7 million year-over-year. Sales included $79.2 million from acquisitions in the company's electronic contract assemblies segment. Sales in this segment increased 49% as a result of the acquisitions. On February 15, Kimball completed the acquisition of Reptron Electronics, Inc., a U.S.-based EMS company. The purchase price was $50.9 million.

Income for the third quarter was $3.8 million, which included a loss from discontinued operations of $600,000. For the same period last year, income was $7.3 million, including a loss from discontinued operations of $400,000.

Sales for the third quarter in the electronic contract assemblies segment were $165.3 million, an increase of 49% over sales of $111.1 million last year.

PRINCETON, NJ – Tyco International Ltd. reported lower quarterly profit, but results beat expectations led partially by improving sales in its electronics segment. Net earnings fell 6.7% to $835 million in the company’s fiscal second quarter, from $895 million year-over-year. Revenue rose 7% to $10.8 billion.

The company expects third-quarter sales will be up 5.5 to 6.5%.

Tyco, which plans to separate its health-care and electronics divisions by the end of June, said each of segments reported higher quarterly sales, but all had lower operating income and profit margins.