Product category: Stand-Alone Instruments
News Release from: Tektronix
Edited by the Electronicstalk Editorial Team on 29 June 2004
Tektronix reports strong fourth quarter
Tektronix has reported net sales of $257.8 million and net earnings from continuing operations of $26.5 million or $0.31 per share for the fourth quarter ended 29th May 2004
This compares with net sales of $202.3 million and net earnings from continuing operations of $4.3 million or $0.05 per share for the same period a year ago. Excluding business realignment and one-time items, net earnings from continuing operations were $29.1 million or $0.34 per share for the fourth quarter, as compared with $10.0 million or $0.12 per share for the same period last year.
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Solid fourth quarter for Tektronix
Tektronix has reported net sales of $202.3 million and net earnings from continuing operations of $4.3 million or $0.05 per share, for the fourth quarter ended 31st May 2003
Tek stays in the black despite falling sales
Tektronix has reported net sales of $208.5 million and net earnings from continuing operations, before nonrecurring items, of $12.2 million or $0.13 per share, for the quarter ending 25th May 2002
"For the quarter, all regions showed growth, especially the USA and Japan", said Rick Wills, Tektronix Chairman and CEO.
"Overall, this was our best quarter for orders in over three years, and the third quarter in a row with 20% or greater order growth, further indicating that the recovery is solidly underway and our customers are responding well to new products".
"We saw stronger than expected sales growth of 27% in the quarter, to $258 million - our highest quarter in three years".
"Not only were we strong regionally, but we showed gains in all of our product categories".
"Among the higher performing products in the quarter were our performance oscilloscopes - which include the world's fastest 8GHz oscilloscope, signal sources - one of our newest product categories, logic analysers, and RF test", continued Wills.
Further reading
Waveform generator tests serial data receivers
The Tektronix AWG7000 arbitrary waveform generator has been approved for direct synthesis testing of Serial ATA data receivers
Mixed-signal scope aids embedded debug
Mixed signal oscilloscopes combine three powerful capabilities into one small and lightweight portable device for embedded design and debug
Waveform generator for digital RF tests
Arbitrary waverform generator is useful for testing digital RF technologies including software-defined radios and radars, WiMAX, WiFi, MIMO, and UWB
For fiscal year 2004 the company reported net sales of $920.6 million, 16% growth over sales of $791.0 million in fiscal year 2003.
Net earnings from continuing operations were $118.2 million or $1.37 per share for fiscal year 2004, compared with net earnings from continuing operations of $35.1 million or $0.40 per share for fiscal year 2003.
Excluding business realignment and one-time items, net earnings from continuing operations for fiscal year 2004 were $93.1 million or $1.08 per share as compared with $48.5 million or $0.56 per share for fiscal year 2003.
"The investments we made over the last few years gave us a strong start to the recovery".
"We added key members to our executive management team and our employees remained dedicated and focused on executing our plans".
"The integration of our acquisition in Japan delivered results ahead of expectations".
"Our continued investment in research and development enabled us to bring new products to market, addressing customer needs head-on".
"We made changes to our cost structure, which contributed to growth in earnings per share of nearly 100% this year, and should provide significant leverage in our model".
"And, we had great results across all product categories, with record performance from our logic analysers and mobile protocol test products", continued Wills.
For the first quarter of fiscal 2005, the company expects net sales to be approximately $235-$245 million.
Earnings per share from continuing operations are expected to be between $0.26 and $0.29.
"As we enter into the new fiscal year, we are seeing evidence that the gains we have made in our four core categories (oscilloscopes, logic analysers, mobile protocol test and video test) and two new product categories (signal sources and RF test) should further strengthen our leadership position".
"We have proven our ability to deliver value to our shareholders and we remain focused on delivering the industry-leading products that our customers demand", concluded Wills.
In addition, Tektronix has declared a quarterly cash dividend of $0.04 per share on the outstanding common shares of the company, payable on 26th July 2004 to shareholders of record as of the close of market on 9th July 2004.
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