Revenue Growth Driven by Security and Medical Imaging;
Profitability Affected by Segment Mix
PEABODY, Mass., Dec. 06, 2016 (GLOBE NEWSWIRE) -- Analogic Corporation (Nasdaq:ALOG), enabling the world’s medical imaging and aviation security technology, today announced results for its first quarter ended October 31, 2016.
Highlights during the first quarter (comparisons are against Q1 of fiscal 2016) included:
- Revenue of $121.1 million, up 5%
- Gross margin of 43%, down 2 pts.
- GAAP operating margin of 3%; Non-GAAP operating margin of 6%
- GAAP diluted EPS of $0.20; Non-GAAP diluted EPS of $0.43
- Operating cash flow of $27 million
Revenue for the first quarter of fiscal 2017 was $121.1 million, an increase of 5% compared with revenue of $114.9 million in the first quarter of fiscal 2016. GAAP net income for the first quarter of fiscal 2017 was $2.5 million, or $0.20 per diluted share, compared with net income of $1.4 million, or $0.11 per diluted share, in the first quarter of fiscal 2016. Included in GAAP net income and earnings per share is $0.10 per diluted share associated with CEO transition expenses.
