Astro-Med posts 3Q profit of $1.56M on record sales

West Warwick company maintains healthy balance sheet, strong growth and profitability

Another quarter of record sales helped lift Astro-Med Inc. (Nasdaq: ALOT) to a third-quarter profit of $1.56 million and earnings of 21 cents per diluted share, the company announced last night...

...“We are pleased to report another strong quarter of sales growth and improved profitability at Astro-Med,” CEO Albert W. Ondis said in the after-market report. “Sales of QuickLabel Systems Products increased 28 percent from the prior year, Test & Measurement Products sales increased 15 percent over the previous year, while Grass Technologies sales rose 7 percent from the prior year.

Full Story: Astro-Med posts 3Q profit of $1.56M on record sales Source: Providence Business News, November 21st, 2007

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