Month: February 2021

Fourth Quarter 2020 HighlightsRecord sales of $321.1 millionOrganic sales growth for Distribution (21%) and Water Systems (4%)Gross profit margin as a percent of sales increased 300 basis pointsRecord GAAP operating income of $34.4 million, increasing 20% from the prior yearSuccessful completion of the Gicon Pumps and Equipment acquisition; expected to drive meaningful growth for DistributionFull Year 2020 HighlightsFull year 2020 Sales were $1,247.3 million.GAAP earnings per share of $2.14, a 5% increase from the prior yearFull year 2020 cash flow from operating activities was a record of $212 million and free cash flow conversion of net income was 187%FORT WAYNE, Ind., Feb. 16, 2021 (GLOBE NEWSWIRE) — Franklin Electric Co. Inc. today announced fourth quarter and full year financial results for fiscal year 2020.Fourth quarter 2020...

– December 2020 Initial Public Offering generated $21.6m in gross proceeds andlisting on the NASDAQ Stock Market-Executes Partnerships, Research Collaboration and Commercial Agreements-– John Hopkins University, Wyss Institute & Cambridge Consultants Ltd.NEW YORK, Feb. 16, 2021 (GLOBE NEWSWIRE) — GBS Inc. (Nasdaq: GBS), a life sciences company developing non-invasive, real-time diagnostic testing in the hands of patients and their primary health practitioners at point of care, today announced its financial results for the fourth quarter and full year 2020 and provided a corporate update.“In part to the COVID-19 pandemic, diagnostics solutions have become of paramount importance in the clinical care continuum and accelerated the need for alternatives to the central laboratory testing model. 2020 has certainly been...

Company Ends 2020 with Year-Over-Year Growth in Sales and Strong BookingsEPS of $0.92 Reduced by Additional Inventory Charge of $0.20 and Foreign Exchange Loss of $0.07OXFORD, Mass., Feb. 16, 2021 (GLOBE NEWSWIRE) — IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the fourth quarter ended December 31, 2020.NM – Not meaningfulManagement Comments“We are very pleased with our fourth quarter results as we delivered revenue that was 10% higher than the fourth quarter 2019 and was above the top end of our guidance range,” said Dr. Valentin Gapontsev, IPG Photonics’ Chief Executive Officer. “In addition, book-to-bill was above one in the fourth quarter as we saw the traction in order flow continue from the third quarter. We are benefiting from the advantages of our leading-edge...

The 38th HMCA-managed MRI scanner recently became operational at the White Plains, New York scanning center.The COVID-19 pandemic continues to be a hindrance to business. Total Revenues-Net decreased by 2% to $42.1 million for the six months ended December 31, 2020, versus corresponding six months one year earlier.Net Income for the six months ended December 31, 2020 decreased 18% to $7.2 million, versus corresponding six months one year earlier.Net Income for the quarter ended December 31, 2020 was $3.9 million, which was an increase of 21% over the preceding quarter ended September 30, 2020.Cash and cash equivalents and short-term investments increased 10% to $40.6 million at December 31, 2020, versus the fiscal year ended June 30, 2020.FONAR’s Book Value is $20.00 per common share.MELVILLE, N.Y., Feb. 16, 2021 (GLOBE NEWSWIRE) —...