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Article: EMS Technologies Announces Third Quarter 2009 Earnings.(Company overview)(Financial report)
- Article from:
- Economics Week
- Article date:
- November 20, 2009
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EMS Technologies, Inc. (NASDAQ: ELMG) announced financial results for the third quarter of 2009. EMS reported third-quarter revenues of $85.7 million and earnings from continuing operations of $5.8 million, or $0.38 per share, on a non-GAAP reporting basis, excluding acquisition-related items. These earnings included substantial income tax benefits arising from both additional R&D tax credits and the effect of pre-tax losses in certain jurisdictions. EBITDA, excluding acquisition-related items, ("Adjusted EBITDA") was $7.1 million for the third quarter.
Third quarter earnings from continuing operations on a GAAP basis were $6.0 million or $0.39 per share. The ...