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Article: GSI Group Reports Fourth Quarter Results.
- Article from:
- PR Newswire
- Article date:
- February 27, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bookings Reach $87.5 Million
BILLERICA, Mass., Feb. 27 /PRNewswire-FirstCall/ -- GSI Group Inc., , a supplier of precision technology and semiconductor systems, today announced financial results for the fourth quarter and year ended December 31, 2007.
Fourth quarter revenue was $86.5 million, compared to $84.0 million in the third quarter of 2007 and $79.5 million for the fourth quarter of 2006. Excluding restructuring charges, operating profit was $7.7 million in the fourth quarter versus $10.1 million in the third quarter and $5.6 million in the fourth quarter of 2006. GAAP net income for the quarter was $4.7 million, or $0.11 per diluted share, ...