Good news from Oregon:
Tektronix Reports Record Sales, Orders and Earnings in Fiscal 1997
-- Earnings Increased 31 Percent in the Fourth Quarter and at
$114.8 Million for the Year Reach an All-time High --
WILSONVILLE, Ore., June 23 /PRNewswire/ -- Tektronix, Inc. (NYSE:TEK)
today reported net earnings of $36.9 million, or $1.11 per
share, for its fourth quarter fiscal 1997 ended May 31, 1997 and net
earnings of $114.8 million, or $3.48 per share, for the full year.
This is a 31 percent increase over net earnings of $28.2 million,
or $0.86 per share, reported in fourth quarter fiscal 1996 and a
15 percent increase over net earnings of $99.6 million, or $3.00
per share, for fiscal 1996.
Total net sales for the quarter were $543.9 million, an increase of
11 percent over sales of $490.7 million in the same period in 1996.
Total net sales for fiscal 1997 were $1,940.1 million, a 10 percent
increase over $1,768.9 million in the previous year.
Product orders for the fourth quarter increased 15 percent over the
fourth quarter a year ago at $521.1 million and were $1,829.1 million
for the year, an increase of 10 percent over 1996.
The sales, orders and earnings for the year set all-time records for
the company. |
