02 Feb 12. Breeze-Eastern Corporation (NYSE Amex: BZC) reported its Fiscal 2012 Third Quarter financial results.
For the Fiscal 2012 third quarter, the financial results follow:
Net sales: $19.6m, even with the Fiscal 2011 third quarter
Net income: $1.1m, or $0.11 per diluted share, up 11% from $1.0m, or $0.10 per diluted share, for the Fiscal 2011 third quarter
Adjusted EBITDA: $2.3 m for both the Fiscal 2012 and Fiscal 2011 third quarters
Total debt: $10.7m, $2.5m lower than a year ago
Cash: $7.8m, versus $3.4m a year ago
Bookings: $14.0m, versus $15.8m in the Fiscal 2011 third quarter
For the Fiscal 2012 nine months, the financial results follow:
Net sales: $55.7m, up almost 9% over $51.3m for the Fiscal 2011 first nine months
Net income: $2.8m, or $0.29 per diluted share, up 27% from $2.2m, or $0.23 per diluted share, for the first nine months of Fiscal 2011
Adjusted EBITDA: $6.3m, versus $6.2m in the Fiscal 2011 first nine months Bookings: $43.2m, versus $53.9m in the Fiscal 2011 first nine months (Source: Yahoo!/BUSINESS WIRE)
02 Feb 12. Teseq Holding AG, a leading developer and provider of instrumentation and systems for EMC emission and immunity testing, has acquired UK-based MILMEGA, Ltd., a leading specialist in the design and manufacture of solid state, high-power microwave and RF amplifiers. The acquisition strengthens Teseq’s capabilities in commercial, industrial, automotive, military and communications applications, further positioning the company as a global leader in immunity testing. Johannes Schmid, President of Teseq, said, “When we began Teseq a mere five years ago, after a management buyout from leading developer and provider of instrumentation and test systems for EMC emission and immunity, Schaffner, our vision was to provide the best in testing solutions. Our acquisition of MILMEGA is a testament to that forward thinking strategy and builds upon the half-century of EMC experience with which we were founded.” Schmid continued, “RF amplifier power, linearity and harmonic performance is critical to achieving accurate immunity testing results. Adding MILMEGA’s high quality amplifiers to Teseq’s extensive range of EMC testing products extends our product offering to include both EMC and non-EMC applications, strengthening our position as the supplier of choice for innovative, high quality test instrumentation to an increasingly wide range of customers.” (Source: Yahoo!/PRNewswire)
02 Feb 12. ESI Group, pioneer and world-leading solution provider in virtual prototyping for manufacturing industries, announces the release of PAM-RTM and PAM-FORM 2012, two numerical simulation applications dedicated to the manufacture of composite parts. This composites manufacturing simulation suite is a unique industrial solution to define and optimize manufacturing processes of dry textiles and prepregs, with the objective of achieving better part quality and lower production time cycle and cost. Developed through partnerships in several fields including automotive, aerospace and defense, PAM-FORM is a virtual manufacturing solution dedicated to non-metallic forming processes. PAM-FORM enables realistic and predictive forming and pre-forming simulation of laminated composites, allowing engineers to select the most appropriate material, the right tooling design, and the best process parameters. “PAM-FORM helped us achieve our project goals: lower weight and cost of production while preserving the mechanical properties of the part. (Source: Yahoo!/BUSINESS WIRE)
02 Feb 12. Goodrich Corporation (NYSE: GR) announced results for the fourth quarter and full year 2011. Goodrich reported fourth quarter 2011 net income of $238m, or $1.85 per diluted share, on sales of $2,145m. In the fourth quarter 2010, the company reported net income of $148m, or $1.16 per diluted share, on sales of $1,806m. Segment operating income margin for the fourth quarter 2011 was 19.7 percent. For the fourth quarter 2011