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Axsys Technologies Reports First Quarter Net of $.27 Per Share Versus $.08 Per Share NEW YORK--(BUSINESS WIRE)--April 16, 1997-- AXSYS TECH announced today sales of $27,602,000 for the quarter ended March 31, 1997, compared with sales of $17,031,000 for the first quarter of 1996. Net income applicable to common shareholders was $885,000 for the first quarter of 1997, or $.27 per share, compared with $206,000 for the first quarter of 1996, or $.08 per share. Axsys Technologies designs and manufactures precision optical and positioning components and subsystems for high-performance markets such as commercial satellites, defense, digital imaging and semiconductor capital equipment. The company also manufactures and markets interconnect devices and distributes precision ball bearings for use in a variety of industrial, commercial and consumer applications. | ||||||||||||||
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