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Article: Zoll Medical announces fiscal 1995 results and record fourth quarter revenues.
- Article from:
- Business Wire
- Article date:
- November 17, 1995
CopyrightCOPYRIGHT 1995 Business Wire. 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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BURLINGTON, Mass.--(BUSINESS WIRE)--Nov. 17, 1995--ZOLL Medical Corporation (NASDAQ/NMS: ZOLL) today reported revenues for the fourth quarter ended September 30, 1995 of $13,096,000, the highest quarterly revenues in the company's history.
Revenues were $12,962,000 for the fourth quarter last year. Net income was $293,000, or $.05 per share, compared to last year's fourth quarter figure of $657,000, or $.11 per share. In the fourth quarter the planned $2.6 million reduction in inventory from the third quarter caused a temporary increase in cost of sales and therefore a decrease in net income. Management believes that current inventory levels are in line with sales ...