May 3--Rofin-Sinar results for its second fiscal quarter and six months ended March 31, 2007, indicate order entry and sales reached record levels.
Net sales totaled $116.1 million for the second quarter ended March 31, 2007, a 16 percent, or $16.4 million, increase over the comparable quarter of fiscal 2006. Gross profit totaled $49.2 million, or 42 percent of net sales, compared to $43.5 million, or 44 percent of net sales in the same period of fiscal year 2006. Net income amounted to $13.1 million, or 11 percent of net sales, compared to $11.7 million, or 12 percent of net sales, in the same period last year.
"We are very pleased to deliver another strong quarter where we have seen encouraging results," commented Gunther Braun, CEO and president of the company. "The record level of order entry and sales are strong indicators that we are successful in the execution of our strategy, which is leveraging on our strengths and experiences in providing solutions for the industrial laser materials processing markets. With our recent acquisitions we have further strengthened our technology portfolio in order to support future growth."