Navigation Links
Allied Healthcare's Net Suffers on Flat Sales, Performance Issues
Date:2/8/2008

ST. LOUIS, Feb. 8 /PRNewswire-FirstCall/ -- Allied Healthcare Products, Inc. (Nasdaq: AHPI) reported today that its net income in the second quarter ending December 31 fell almost 98 percent from $293,000 last year, or 4 cents per share, to about $6,500 in the current quarter, or zero cents per share.

For the first half of the 2008 fiscal year ending December 31, net income fell about 81 percent, from about $495,000 last year, or six cents per share, to about $93,500, or one cent per share, in the current fiscal year.

Customer orders for the first two quarters of fiscal 2008 were consistent with those of the prior year, declining only about $235,000. Sales, however, which depend on customer purchase order releases, declined about $1,000,000 or 3.6 percent, for the first two quarters of this fiscal year. Customer release rates are expected to return to more normal levels in the second half of the year, Allied said.

The sharp decline in net income resulted from gross margins that fell by about $960,000 compared to last year. Low production levels, caused by lower sales, combined with decreases in inventory to result in lower absorption of fixed costs. Also, cost reduction programs to offset higher labor and material costs did not take effect as planned in the first two quarters.

Material costs increased by 2.2 percent and labor costs by 4.5 percent compared to the previous year, Allied said. "Those increases should have been offset by cost reduction efforts, but we failed to execute in the first two quarters," said Earl Refsland, Allied president and chief executive officer. Difficulties in introducing a new product contributed to production delays, Refsland said.

"We know what we have to do to correct pro
'/>"/>

SOURCE Allied Healthcare Products, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. Allied Healthcare Reports Strong Fourth Quarter, Flat Net Income for Fiscal 2007 vs. 2006
2. SIEMENS, AlliedBarton, Methodist Hospital, and Family Planning Council Win Human Resources Department of the Year Awards
3. Diana Hatsis of Chiltern Will Present at the Joint Commission on Allied Health Personnel in Ophthalmology (JCAHPO) 35th Annual Continuing Education Program Held in Conjunction With the American Academy of Ophthalmology (AAO) Annual Meeting
4. AWWA Water 101 Seminar Targets Sales, Marketing and PR Pros
5. Mastering Challenges & Measuring Successes for Quality Initiatives in Sales, Marketing and Product Development
6. Tailor Quality Initiatives to Improve Sales, Marketing & New Product Development
7. The Pharma & Life Sciences Best Practice Database: an Industry Resource for Successful Techniques and Performance Benchmarks for Reaching the Top
8. End-to-End HR Performance Benchmarks: Metrics That Will Help Turn the HR Cost Center into a Productivity Driver
9. Dow Jones Sustainability Index Again Recognizes Abbott for Continued Leadership in Business, Environmental and Social Performance
10. Blue Cross and Blue Shield of Florida Reports Eighteenth Consecutive Year of Positive Performance
11. Medicare Prescription Drug Benefit, Nonprofit Hospitals, Ambulatory Surgery Centers, Statistical Methods, and Pay-For-Performance Highlighted In the Latest INQUIRY Journal
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/31/2014)... Setting goals for a fitness program is very ... to weight loss. Fitness on the Go has been helping ... has worked with 6000 customers on an individual basis throughout ... to monitor why customers start exercising with a personal ... to their program, whether or not they have a goal ...
(Date:7/31/2014)... The VitalSleep anti snoring device is a mandibular advancement splint ... snorers airway to quiet snoring. , Dawn M. of Utah ... her husband by allowing them to share the same bedroom again. ... about 15 years ago and I remember nights when it was ... had to head downstairs for any relief. As the years have ...
(Date:7/31/2014)... York (PRWEB) July 31, 2014 ... as Bernstein Liebhard LLP notes that Johnson & ... plans to voluntarily remove its power morcellators ( ... report from Bloomberg.com, the company said it decided ... associated with the devices remain uncertain.* , “In ...
(Date:7/31/2014)... London, UK (PRWEB) July 31, 2014 ... in the development and maintenance of products in the ... can be performed by using various products and equipment ... and spoilage of various materials and products. , ... and services is forecast to post a CAGR of ...
(Date:7/31/2014)... HealthDay Reporter THURSDAY, July 31, 2014 (HealthDay ... has shown an increased risk of spreading undetected cancers in ... market. In a letter that was to be sent ... that its laparoscopic power morcellators be returned to the company, ... of new morcellators had been suspended in April after the ...
Breaking Medicine News(10 mins):Health News:Fitness on the Go's Rewards Program Helps Clients Reach Their Goals 2Health News:New Snoring Mouthpiece Reviews from VitalSleep 2Health News:Uterine Morcellation Controversy Grows, as Bernstein Liebhard LLP Notes Johnson & Johnson Decision to Withdraw Power Morcellators from Market 2Health News:Uterine Morcellation Controversy Grows, as Bernstein Liebhard LLP Notes Johnson & Johnson Decision to Withdraw Power Morcellators from Market 3Health News:Infection Prevention and Control Market to Post about 7.5% CAGR through 2018, States Infiniti Research in Its Study Published at MarketPublishers.com 2Health News:Infection Prevention and Control Market to Post about 7.5% CAGR through 2018, States Infiniti Research in Its Study Published at MarketPublishers.com 3Health News:J&J Pulls Hysterectomy Tool Tied to Cancer Risk From Market 2Health News:J&J Pulls Hysterectomy Tool Tied to Cancer Risk From Market 3
... BOSTON, Dec. 14 When Kurth ... instructions for landing on the moon, he,was confident that technology ... there was one thing that science couldn,t solve.,His wife Susan ... her alive for awhile, she would die without a transplant. ...
... , MONDAY, Dec. 14 (HealthDay News) -- Here,s good news for ... of java: Coffee and tea consumption may decrease the risk of ... Australian study that also found the more coffee you drink, the ... with a 7 percent reduction in the risk of diabetes, the ...
... treatments for asthma, COPD, researchers say , MONDAY, Dec. ... variants that influence lung function, a finding that may ... The international team of researchers compared lung function with ... across the human genome in more than 20,000 people ...
... ... But Nets tipped off a promotion--Send a Net. Save a Life. See a Game. presented ... part of the NBA Cares Season of Giving and runs through January 31, 2010. ... New York, NY ...
... Hospital records show consistent rate of lacerations, accidental ingestion of ... A new study from Children,s Hospital Boston,s Division of ... are one more safety hazard parents must consider during the ... an average of five ornament-related injuries per year, more than ...
... to approve naming the women,s hospital -- located within the C.S. ... Jane Von Voigtlander , ANN ARBOR, Mich., Dec. 14 ... gift from the Ted and Jane Von Voigtlander Foundation, the largest ... will support the construction of a new women,s hospital. , The ...
Cached Medicine News:Health News:69-Year-Old Grandmother Needing A Lifesaving Kidney Transplant Finds a Miracle on the Internet: a 25-Year-Old Living Altruistic Organ Donor Stranger 2Health News:69-Year-Old Grandmother Needing A Lifesaving Kidney Transplant Finds a Miracle on the Internet: a 25-Year-Old Living Altruistic Organ Donor Stranger 3Health News:Coffee, Tea Might Stave Off Diabetes 2Health News:Coffee, Tea Might Stave Off Diabetes 3Health News:NBA Cares and United Nations Foundation Partner to Launch Send A Net. Save A Life. See A Game. Presented By HP 2Health News:NBA Cares and United Nations Foundation Partner to Launch Send A Net. Save A Life. See A Game. Presented By HP 3Health News:NBA Cares and United Nations Foundation Partner to Launch Send A Net. Save A Life. See A Game. Presented By HP 4Health News:Parents: Be Mindful of Hazardous Holiday Ornaments 2Health News:Parents: Be Mindful of Hazardous Holiday Ornaments 3Health News:University of Michigan Health System Receives $15 Million Gift, The Largest Ever for Women's Health 2Health News:University of Michigan Health System Receives $15 Million Gift, The Largest Ever for Women's Health 3Health News:University of Michigan Health System Receives $15 Million Gift, The Largest Ever for Women's Health 4Health News:University of Michigan Health System Receives $15 Million Gift, The Largest Ever for Women's Health 5
(Date:7/31/2014)... July 31, 2014 For its innovative modular ... , Art,s-Way Scientific has earned a Modular Building ... competition in over 30 categories, MBI,s contest is the ... which include building manufacturers, dealers, and product and service ... example the capability of our team," said Dan ...
(Date:7/31/2014)... , July 31, 2014 genae, a global ... announced today the incorporation of genae UK in London ... has one of the largest medical device markets in the world. ... is projected to increase by a CAGR of 6.0% until 2017. ... to 9.5% of GDP. Despite recessionary pressures, market growth rates over ...
(Date:7/31/2014)... , July 31, 2014 TB Alliance, ... developing better, faster and affordable treatments, announced the ... Vice President, External Affairs. Mr. Brock comes to ... of Major Donor Relations for WWF International (formerly ... role, Mr. Brock will guide the TB Alliance,s ...
Breaking Medicine Technology:Art's Way Scientific Earns Prestigious Modular Building Institute Award 2Art's Way Scientific Earns Prestigious Modular Building Institute Award 3Art's Way Scientific Earns Prestigious Modular Building Institute Award 4genae Opens Offices in London 2TB Alliance Appoints Willo Brock Senior Vice President, External Affairs 2
... BRAUNFELS, Texas , May 21 The SCOOTER Store is ... Science Center San Antonio, believing that teaching ethics and humanitarian values to ... elderly. , , , ... of The SCOOTER Store is to create an opportunity for every American ...
... BOSTON , May 21  Solos Endoscopy, Inc. (Pink ... to its board of directors as Chief Financial Officer. Mr. Schiemann ... as expertise in taxation, auditing and public securities work. , ... Mr. Schiemann previously served as the Chief ...
Cached Medicine Technology:The SCOOTER Store Invests in Ethics Training for Future Doctors 2The SCOOTER Store Invests in Ethics Training for Future Doctors 3Solos Endoscopy, Inc. Appoints Experienced CFO To Financial Leadership Amidst Growth 2
... A disposable lever action ... angled head that is designed ... of your work from your ... Staplers are available in four ...
... Pipette is a synonym for pipetting accuracy, ... design, and superior operating comfort. Its single, ... measuring stroke and blow-out as well as ... ensures utmost accuracy and precision. Ejection sleeve ...
Pipetman F is a fixed-volume, air-displacement pipette. Thirteen robust models cover a large volume range from 2 L to 1000 L, with Gilsons legendary accuracy and precision....
100L...
Medicine Products: