Laser technology maker Rofin-Sinar reports strong 4Q 2014 results

Laser technology maker Rofin-Sinar Technologies (NASDAQ: RSTI) has reported results for its fourth fiscal quarter and 12 months ended September 30, 2014.

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Plymouth, MI, and Hamburg, Germany - Laser technology maker Rofin-Sinar Technologies (NASDAQ: RSTI) has reported results for its fourth fiscal quarter and 12 months ended September 30, 2014.

Related: Rofin-Sinar reports 4Q sales up 6.1% over 3Q

Net sales totaled $146.1 million for the fourth quarter ended September 30, 2014, slightly lower than in the fourth quarter of fiscal year 2013. Gross profit totaled $54.6 million, or 37 percent of net sales, compared to $50.2 million, or 34 percent of net sales, in the same period last fiscal year. Net income amounted to $12.0 million, or 8 percent of net sales, compared to $9.8 million, or 7 percent of net sales, in the comparable quarter last fiscal year. Diluted earnings per share was $0.43 for the quarter based upon 28.1 million weighted-average common shares outstanding, compared to the diluted earnings per share of $0.35 based upon 28.4 million weighted-average common shares outstanding for the same period last fiscal year.

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Selling, general, and administrative expenses (SG&As) in the amount of $27.1 million represented 19 percent of net sales and increased by $3.0 million, including one-time expenses of approximately $1.2 million, primarily associated with the expansion and modernization of production facilities, compared to last fiscal year's fourth quarter. Net R&D expenses increased by $1.5 million to $11.5 million and represented 8 percent of net sales.

Sales of laser products for macro applications increased by 7 percent to $57.4 million and accounted for 39 percent of total sales. Sales of lasers for marking and micro applications decreased by 6 percent to $69.4 million and represented 48 percent of total sales. Sales of components decreased by 4 percent to $19.3 million and represented 13 percent of total sales.

On a geographical basis, revenues in North America decreased year-over-year by 7 percent to $28.2 million and by 9 percent in Europe to $65.8 million, whereas net sales in Asia increased by 16 percent to $52.1 million.

For full financial result details, please visit www.rofin.com.

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