Rofin-Sinar 3Q net sales rise $8M from 2Q

Aug. 1, 2013
CEO says Rofin-Sinar had strong sales in the machine tool and electronics industries, mainly triggered by China.

Plymouth, MI, and Hamburg, Germany - Rofin-Sinar Technologies Inc. (RSTI) today announced results for its third fiscal quarter (3QFY13) ended June 30 2013, in which net sales totaled $139.1 million, $8 million more than announced in its 2QFY13 report. 3QFY13 sales were also a 6% increase over the comparable quarter of FY12.

3Q13 gross profit totaled $49.3 million, or 35% of net sales, compared to $49.3 million, or 37% of net sales, in the same period of FY2012. For 2QFY13, gross profit totaled $46.8 million, or 36% of net sales.

"We are pleased to report solid financial results, which are above our guidance. We experienced strong sales in the quarter to the machine tool and electronics industries mainly triggered by China, while sales to the semiconductor industry also improved significantly on a sequential basis," commented Gunther Braun, CEO and President of RSTI, a developer and manufacturer of high-performance laser-beam sources and laser-based solutions.

"Order entry in Europe was slower than expected, whereas North American and Asian orders marked our best quarter during this fiscal year," added Braun. "The global markets continue to be challenging and the slower pace of GDP growth in China might influence our business in the coming months. However, we believe that our solid backlog, combined with ongoing sales activities and focused efforts in the Asian markets, will help us to deliver reasonable fourth quarter results."

RSTI net income in 3Q13 amounted to $8.7 million, compared to $8.4 million in the third quarter last fiscal year, and represented 6% of net sales in both periods. The diluted per share calculation equaled $0.31 for the quarter based upon 28.5 million weighted-average common shares outstanding, compared to the diluted per share calculation of $0.29 based upon 28.8 million weighted-average common shares outstanding for the same period last fiscal year.

SG&A expenses in the amount of $26.5 million represented 19% of net sales and increased by $1.2 million compared to last fiscal year's third quarter. Net R&D expenses decreased by $1.0 million to $10.5 million (8% of net sales), compared to $11.5 million (9% of net sales) in the third quarter of fiscal year 2012.

Sales of laser products for macro applications increased by 8% to $57.1 million and accounted for 41% of total sales. Sales of lasers for marking and micro applications increased by 1% to $62.6 million and represented 45% of total sales. Sales of components increased by 15% to $19.4 million and represented 14% of total sales.

On a geographical basis, revenues increased in Asia by 16%, totaling $49.8 million, and by 7% in Europe, to $60.3 million, whereas net sales in North America decreased by 10% to $29.0 million during the third quarter of fiscal year 2013.


Order entry for the quarter decreased by 2% to $132.0 million compared to the third quarter of fiscal year 2012 and resulted in a backlog of $142.1 million as of June 30, 2013, mainly for laser products. For the third quarter of fiscal year 2013, Rofin reached a book-to-bill ratio of 0.95.


For the 4Q ending September 30, 2013, the company expects revenues to be in the range of $135 million to $140 million and earnings per share to be in the range of $0.28 to $0.31. Actual results may differ from this forecast.

Rofin-Sinar Technologies has its operational headquarters in Plymouth, Michigan, and Hamburg, Germany, and maintains production facilities in the US, Germany, UK, Sweden, Finland, Switzerland, Singapore, and China. ROFIN currently has more than 45,000 laser units installed worldwide and serves more than 4000 customers.


(Image via Shutterstock)

About the Author

Industrial Laser Solutions Editors

We edited the content of this article, which was contributed by outside sources, to fit our style and substance requirements. (Editors Note: Industrial Laser Solutions has folded as a brand and is now part of Laser Focus World, effective in 2022.)

Sponsored Recommendations

Next generation tunable infrared lasers

Nov. 28, 2023
Discussion of more powerful and stable quantum cascade tunable infrared lasers, applications, and test results.

What AI demands mean for data centers

Nov. 28, 2023
The 2023 Photonics-Enabled Cloud Computing Summit assembled by Optica took an aggressive approach to calling out the limitations of today’s current technologies.

SLP feature for lighting control available on cameras offering

Nov. 28, 2023
A proprietary structured light projector (SLP) feature is now available on the company’s camera series, including the ace 2, boost R, ace U, and ace L.

Chroma Customer Spotlight - Dr. David Warshaw, About his Lab

Nov. 27, 2023
David Warshaw, Professor and Chair of Molecular Physiology and Biophysics at the University of Vermont (UVM), walks us through his lab. Learn about his lab’s work with the protein...

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!