Environmental Tectonics Corporation Announces Third Quarter and Year To Date Fiscal 20...(tracts for both small military and large...),Health

Date:1/14/2009

tracts for both small military and large steam sterilizers. Service/spares in the prior period benefited from higher installation work (consistent with the higher sterilizers' production) and significant spares sales. Domestic sales represented 31.1% of the Company's total sales in the third quarter of fiscal 2009, as compared to 68.3% for the third quarter of fiscal 2008. U.S. Government sales in the third quarter of fiscal 2009 were $367,000 as compared to $443,000 in the third quarter of fiscal 2008 and represented 4.2% of total sales in the third quarter of fiscal 2009 versus 6.6% for the third quarter of fiscal 2008.

International sales, which includes the Company's foreign subsidiaries, for the third quarter of fiscal 2009 were $5,637,000 as compared to $1,683,000 in the third quarter of fiscal 2008, an increase of $3,954,000 or 234.9%, and represented 64.7% of total sales, as compared to 25.1% in the third quarter of fiscal 2008. The current reporting period benefited from significant percentage of completion ("POC") revenue recognition in ETC Southampton for three major ongoing pilot training services (PTS) contracts in the Middle East coupled with an almost five-fold increase in sales in ETC-PZL.

Gross profit for the third quarter of fiscal 2009 was $2,957,000 as compared to $1,267,000 in the third quarter of fiscal 2008, an increase of $1,690,000 or 133.4%. This increase reflected the aforementioned increased sales level and corresponding gross profit coupled with an improvement in the gross profit rate as a percent of revenue to 34.0% compared to 18.9% in the prior period. The improved gross profit percentage was primarily the result of an improved product mix which included significant sales of higher margin pilot training equipment. Most product and geographic categories generated higher gross profit rates.

Selling and administrative expenses for the third quarter of fiscal 2009 were $2,434,000 as
'/>"/>

SOURCE Environmental Tectonics Corporation Copyright©2009 PR Newswire. All rights reserved

0 GOOD

Page: 1 2 3 4 5 6 7 8 9 10
Related medicine news :

1. Veteran Environmental Health Expert Erik D. Olson to Join Pew
2. Particulate Emission from Natural Gas Burning Home Appliances Is Assessed in Environmental Engineering Science Journal
3. Benefits of Breastfeeding Outweigh Risk of Infant Exposure to Environmental Chemicals in Breastmilk
4. Scientists, Physicians, Health, and Environmental Justice Advocates to New Obama EPA Director: We Look Forward to Toxic Chemical Regulatory Reform
5. Aon Appoints Environmental Veteran to Oversee Risk Management Services for Clients in Far East, Asia and Australia
6. Ben Venue Laboratories, Inc. Named Recipient of the Governors Award for Outstanding Achievement in Environmental Stewardship
7. Be Green with B. Braun: Company Shares Expertise, Environmentally Responsible Products at ASHP 2008
8. Think Tank Investigates the Environmental Conditions Surrounding Health Inequities
9. Environmental Tectonics Corporations BioMedical Systems Division Announces Additional Sales of its Baramed Monoplace Chambers
10. Environmental and Technology Firm Integral Consulting Inc. Expands Services, Launches New Website
11. Cornell researchers study showing evidence of a major environmental trigger for autism