Rofin-Sinar reports fourth quarter and fiscal year results

Nov. 5, 2010
Plymouth, MI and Hamburg, Germany--Rofin-Sinar Technologies Inc. (Nasdaq: RSTI) reported a surge in profit for its fourth fiscal quarter. Its net income for the quarter was $11.9 million. For the fiscal year ended September 30, 2010 Rofin-Sinar reported sales of $423.6 million, an increase of 21% over the prior year and its net income jumped a whopping 226% year-on-year.
Plymouth, MI and Hamburg, Germany--Helped along by a 37% rise in revenues, Rofin-Sinar Technologies Inc. (Nasdaq: RSTI) reported a surge in profit for its fourth fiscal quarter. Its net income for the quarter was $11.9 million. For the fiscal year ended September 30, 2010 Rofin-Sinar reported sales of $423.6 million, an increase of 21% over the prior year and its net income jumped a whopping 226% year-on-year."We are very pleased with our operational and financial performance for the fourth quarter and fiscal year 2010. Quarterly order entry and sales, as well as net income, increased significantly, and were primarily driven by increased business with the machine tool, semiconductor and electronics industries. In addition, the Asian markets continued to be a strong source of demand for our products. We are also particularly encouraged by our quarterly operating margin, which is approaching our pre-economic crisis levels. These results reflect a substantial improvement in the macroeconomic climate and the excellent execution of our strategy by the Rofin team," commented Gunther Braun, CEO and President of RSTI. "We believe that our backlog and our expanding product portfolio provide us with a solid basis for a successful fiscal year 2011."

For the twelve month period the company reports that net sales of lasers for macro applications increased by $32.5 million, or 23%, to $172.9 million and net sales of lasers for marking and micro applications increased by $38.4 million, or 23%, to $206.5 million. Sales of components increased $3.1 million, or 8%, to $44.2 million compared to fiscal year 2009.

On a geographical basis, net sales in North America in the twelve months increased by 12% and totaled $78.7 million (2009: $70.0 million). In Europe, net sales decreased slightly by 1% to $196.3 million (2009: $199.1 million) and in Asia, net sales increased by 85% to $148.6 million (2009: $80.5 million).
For more information visit the company's website at www.rofin.comPosted by Steve AndersonFollow us on TwitterSubscribe now to Laser Focus World magazine; It’s free!

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