Waters Instruments, Inc. (Nasdaq:WTRS) today announced financial results for the fourth quarter and fiscal year ended June 30, 2004. The fourth quarter fiscal year 2004 net sales from continuing operations were level with last year’s net sales at approximately $7.8 million. The company reported a net income of $751,000 or $0.32 per share, compared with last year’s fourth quarter earnings of $445,000 or $.20 per share. Net income improved primarily from the elimination of operating expenses associated with the company’s disposed Rochester, Minn. facility that existed in the prior year.
