Red ink continues/Possibly at bottom now?
DJ New Brunswick Scientific 2Q Net Loss 14c A Share >NBSC
Dow Jones News Service ~ August 11, 2003 ~ 7:53 am EST
(MORE) Dow Jones Newswires
08-11-03 0753ET DJ New Brunswick Scientific Posted EPS 10c For Year-Ago 2Q
(MORE) Dow Jones Newswires
08-11-03 0753ET *DJ New Brunswick Scientific 2Q Net Sales $10.7M From $16.1M
(MORE) Dow Jones Newswires
08-11-03 0754ET DJ New Brunswick Scientific -2: Backlog Up By $600,000 In 2Q
WASHINGTON (Dow Jones)--New Brunswick Scientific Co. (NBSC) said Monday it swung to a loss in the second quarter, compared with earnings in the year-ago period, citing the continuing weakness in the market for life science equipment.
In a filing with the Securities and Exchange Commission, New Brunswick Scientific reported a net loss of $1.2 million, or 14 cents a share, for the quarter ended June 28, compared with net income of $846,000, or 10 cents a share, for the year-ago period.
Second-quarter net sales declined to $10.7 million from $16.1 million a year earlier, reflecting lower sales volumes in all product lines, the Edison, N.J., company said.
New Brunswick Scientific said its backlog of unfilled orders increased to $6.1 million at June 28 from $5.5 million at the end of the first quarter, primarily because of increased orders for the new sterilizable-in-place fermentors.
New Brunswick Scientific's 2003 second-quarter results include a charge of $ 100,000 related to a 9% work force reduction implemented during the period, according to the filing.
By Robert L. Grant, Dow Jones Newswires; 202-862-1356
(END) Dow Jones Newswires
08-11-03 0828ET |
