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Article: Imation Reports Q1 2007 Revenue of $421.9 Million, up 25.9%.
- Article from:
- PR Newswire
- Article date:
- April 19, 2007
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Diluted EPS of $0.44 on Operating Income of $23.6 Million
OAKDALE, Minn., April 19 /PRNewswire-FirstCall/ -- Imation Corp. today released financial results for the quarter ended March 31, 2007.
Highlights for Q1 include the following:
-- Revenue of $421.9 million was up 25.9 percent compared with Q1 2006
revenue of $335.2 million. Growth was driven by optical and flash
products primarily due to the addition of Memorex brand revenue.
-- Operating income of $23.6 million and diluted earnings per share of
$0.44 compared with $29.3 million of operating income and diluted EPS
of $0.55 in Q1 2006.
-- Both revenue and earnings ...