Stock Market Watch

Analogic – ALOG – For fiscal 2013 we expect another year of high single-digit organic revenue growth

by ·


Analogic Corporation (Nasdaq:ALOG), enabling the world’s medical imaging and aviation security technology, announced results for its fourth quarter and fiscal year ended July 31, 2012.

ALOG – Highlights for the fourth quarter (comparisons are against Q4 of fiscal 2011) included:

  • Revenue of $151.0 million, up 12%
  • GAAP operating margin of 11%, up 6 points
  • Non-GAAP operating margin of 15%, up 5 points
  • GAAP diluted EPS of $0.96, up 113%
  • Non-GAAP diluted EPS of $1.32, up 59%
  • Positive operating cash flow of $14.4 million

ALOG – Highlights for fiscal year 2012 included:

  • Revenue of $516.6 million, up 9% from fiscal 2011
  • GAAP operating margin of 8%, up 4 points
  • Non-GAAP operating margin of 12%, up 4 points
  • GAAP diluted EPS of $3.42, up 141%
  • Non-GAAP diluted EPS of $3.60, up 53%
  • Positive operating cash flows of $73.7 million, including tax refund

Revenue for the fourth quarter of fiscal 2012 was $151.0 million, an increase of 12% compared with revenue of $135.3 million in the fourth quarter of fiscal 2011. GAAP net income for the fourth quarter of fiscal 2012 was $12.1 million, or $0.96 per diluted share, compared with net income of $5.6 million, or $0.45 per diluted share, in the fourth quarter of fiscal 2011.

Non-GAAP net income for the fourth quarter was $16.6 million, or $1.32 per diluted share, compared with $10.3 million, or $0.83 per diluted share, from the fourth quarter of fiscal 2011.

For fiscal 2012, revenues totaled $516.6 million, compared with revenues of $473.6 million in fiscal 2011, up 9%. GAAP net income for fiscal 2012 totaled $43.1 million, or $3.42 per diluted share (includes $8.3 million, or $0.66 per share, net benefit from a tax refund), as compared with $17.8 million, or $1.42 per diluted share, for fiscal 2011. Non-GAAP net income for fiscal 2012 totaled $45.3 million, or $3.60 per diluted share, as compared with $29.5 million, or $2.35 per diluted share, for fiscal 2011.

Jim Green, president and CEO, commented “Continuing to improve on our fiscal 2012 baseline, for fiscal 2013 we expect another year of high single-digit organic revenue growth on continued improving non-GAAP operating margin.”

About Analogic – ALOG

Analogic (ALOG) provides leading-edge healthcare and security technology solutions to advance the practice of medicine and save lives.

More Posts by this author

edliston
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

Tags:

Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

You may also like...