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Astro-Med 1Q mixed bag: profits drop, sales rise
Despite a 3.9% dip in profits, Astro-Med remains pleased with a 4.9% rise in sales
Full Story: Astro-Med 1Q profit dips 3.9%, sales rise 4.9% Source: Providence Business News, May 23rd, 2007 Added on May 23rd, 2007 at 5:48 pm, by Judy He
For its fiscal first quarter, ended May 5, [West Warwick-based] Astro-Med Inc. (Nasdaq: ALOT) reported a...decrease of 3.9 percent from...the same quarter of 2006.
Net sales were $16.4 million, an increase of 4.9 percent from the first quarter of 2006.
“We experienced good all-around growth in the first quarter, and we are especially pleased with the performance of our QuickLabel Systems-brand label printer and consumable products...” said Albert W. Ondis, Astro-Med’s CEO.
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