Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Access Control
LeftNav
Alarms
LeftNav
Biometrics
LeftNav
Detection
LeftNav
Deutsche Zone (German Zone)
LeftNav
Education, Training and Professional Services
LeftNav
Government Programmes
LeftNav
Guarding, Equipment and Enforcement
LeftNav
Industrial Computing Security
LeftNav
IT Security
LeftNav
Physical Security
LeftNav
Surveillance
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
 
News

Record bookings for X-Ray detection equipment producer

American Science And Engineering : 13 August, 2008  (Company News)
Poor quarterly financials offset by record order book for first quarter of current financial year for American Science and Engineering
American Science and Engineering has reported its financial results for the first quarter of fiscal year 2009 ended June 30, 2008. The Company reported revenues of $39,494,000 as compared with revenues of $44,471,000 for the first quarter of fiscal year 2008, net income of $2,689,000 as compared with net income of $6,172,000 for the first quarter of fiscal year 2008, and earnings per share of $0.30 as compared with earnings per share of $0.66 for the first quarter of fiscal year 2008. This represents an 11% decrease in revenues and a $0.36 decrease in earnings per share versus the first quarter of the prior fiscal year. This decline in earnings is primarily due to lower sales volume, a 29% increase in research and development expenditures and a 19% increase in selling, general and administrative expenditures.

The Company reported a record $100 million in bookings for the first quarter of fiscal year 2009 versus $43 million in the first quarter of the prior fiscal year. Backlog for the first quarter of fiscal year 2009 increased 53% to a record $160 million as compared to the first quarter of the prior fiscal year.

“Although we are very pleased that we continue to break new ground with international contracts, we are disappointed that orders were not received in time to favourably impact the quarter’s results,” said Anthony Fabiano, AS&E’s President and CEO. “With 88 percent of the first quarter product bookings for international regions — including the Middle East, Africa, Central and Latin America (CALA), Asia Pacific (APAC), and Europe — bookings and backlog were driven to record highs. Sales of cargo inspection products continued to grow with orders from two very strategic customers — Abu Dhabi Customs for our full range of cargo products and NATO for multiple Z Portal screening systems. And with 94% of ZBV bookings in the quarter for international customs and police agencies, our global install base is steadily increasing. The record $100 million in bookings is an affirmation of our strategy to grow and diversify our business through increased investment in new products and international sales. These results are consistent with our strategies to grow revenue and earnings in order to increase shareholder value over the long-term.”

In accordance with the previously announced dividend program, the Company is declaring a quarterly cash dividend of $0.20 per share, payable on September 5, 2008 to the holders of record at the close of business on August 18, 2008.
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 ProSecurityZone.com
Netgains Logo