Laser Systems

Rofin-Sinar Technologies

The Company

Rofin-Sinar Technologies <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: RSTI)") else Response.Write("(Nasdaq: RSTI)") end if %> is chiefly involved in the production of industrial lasers used for cutting, welding, and marking a wide range of industrial materials. During the second quarter of fiscal year 1997, approximately 76% of the company's revenues were from sales and servicing of laser products for cutting and welding applications, while the balance came from marking applications.

Latest Financials

For the second quarter ended March 31, 1997, net sales totaled $33.4 million, an increase of 12% over the comparable period in 1996. Gross profit rose to $12.1 million from $11.1 million in 1996, a 9% increase. Net income was $2.5 million, 24% higher than the corresponding prior year period and representing 7.4% of net sales, compared to 6.7% in the second quarter of fiscal 1996. Earnings per share equaled $0.21. Compared to the second quarter of 1996, net sales of laser products for cutting and welding applications increased by 17% to $25.5 million, while net sales of lasers for marking decreased by 4% to $7.9 million.

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