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Astro-Med 2Q sales rise 15% to record $18.7M
CEO anticipates continued improvement and growth
Full Story: Astro-Med 2Q sales rise 15% to record $18.7M Source: Providence Business News, August 22nd, 2007 Added on August 26th, 2007 at 8:01 pm, by Judy HeRecord sales in the fiscal quarter ended Aug. 4 helped Astro-Med Inc. (Nasdaq: ALOT) record a second-quarter profit of $886,000, or 12 cents per diluted share, a 20-percent increase compared with the year-ago period.
Second-quarter sales of Astro-Med’s QuickLabel Systems label printer and consumable products grew 23 percent compared with the year-ago period, to $9.66 million. Sales under the Test & Measurement brand also increased 23 percent, reaching $4.50 million.
Sales for the Grass Technologies brand grew 13 percent from their first-quarter level, to $4.53 million, although they declined from the second quarter of fiscal 2007, the company said.
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