O.I. Corporation Announces Results for First Quarter of 2010 and Second Quarter Dividend
28 Abril 2010 - 8:45PM
Marketwired
O.I. Corporation (NASDAQ: OICO) today announced its results for the
three months ended March 31, 2010. These results are summarized
below.
The limited information contained in this press release is not
adequate information upon which to make an informed investment
decision. Accordingly, we urge investors to read our Annual Report
on Form 10-K for the year ended December 31, 2009 which we filed
with the Securities Exchange Commission (SEC) on March 15, 2010.
Additional information regarding our first quarter performance will
be available in our Quarterly Report on Form 10-Q which we expect
to file with the SEC on or before May 14, 2010. This document will
be available on our website at www.oico.com/oicorp and the SEC's
website at www.sec.gov.
O.I. CORPORATION
FINANCIAL HIGHLIGHTS
(in thousands, except earnings per share amounts)
Three Months Ended
March 31
----------------
2010 2009
------- -------
Net revenues $ 5,532 $ 4,621
------- -------
Operating income (loss) 431 (752)
------- -------
Income before income taxes 445 (740)
------- -------
Benefit/(provision) for income taxes (140) 244
------- -------
Net income 305 (496)
------- -------
------- -------
Basic earnings per share 0.13 (0.21)
------- -------
Diluted earnings per share 0.13 (0.21)
------- -------
Balance Sheet Data
March 31, December 31,
Assets 2010 2009
------------ ------------
Cash and investments $ 4,145 $ 4,614
Accounts receivable 5,233 4,371
Inventories 5,403 5,657
Other current assets 1,693 1,828
------------ ------------
Total current assets 16,474 16,470
Long-term assets 4,019 4,117
------------ ------------
Total assets $ 20,493 $ 20,587
============ ============
Liabilities and Stockholders' Equity
------------ ------------
Total liabilities $ 2,577 $ 2,895
Stockholders' equity: 17,916 17,692
------------ ------------
Total liabilities and stockholders' equity $ 20,493 $ 20,587
============ ============
Selected Data
The following table provides additional information regarding
free cash flow, a non-GAAP measure, and book value per share.
Three Months Ended
March 31, March 31,
$(000) 2010 2009
------------ ------------
Net income $ 305 $ (496)
Net interest income (13) (12)
Tax expense (benefit) 140 (244)
Depreciation/amortization expense 122 139
------------ ------------
EBITDA 554 (613)
Capital expenditures (31) (35)
------------ ------------
Free cash flow $ 523 $ (648)
============ ============
Period end Shares Outstanding 2,365,045 2,352,426
Period end Book Value per share $ 7.58 $ 7.39
============ ============
Second Quarter Dividend
The Company also announced today that its Board of Directors
declared a quarterly cash dividend of $0.05 per common share
payable on June 1, 2010 to shareholders of record at the close of
business on May 14, 2010.
About O.I. Corporation:
O.I. Corporation, dba OI Analytical, develops, manufactures,
sells, and services analytical instrumentation that detects,
measures, analyzes, and monitors chemicals in liquids, solids, and
gases. Providing products used to digest, extract, and separate
components of chemical mixtures, the Company designs
application-specific solutions for various industries including
environmental testing, defense, and petrochemical. Headquartered in
College Station, Texas, the Company's products are sold
worldwide.
Visit the Company's web site at: http://www.oico.com
Investor Relations: Bruce Lancaster Chief Executive Officer
& Chief Financial Officer 979.690.1711
O. I. Corp. (MM) (NASDAQ:OICO)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
O. I. Corp. (MM) (NASDAQ:OICO)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
