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Environmental Tectonics Corporation Announces Third Quarter and Year To Date Fiscal 2009 Results
Date:1/14/2009

osts of $3,639,000 associated with a settlement with the U.S. Government under a contract for submarine rescue chambers. Overall, sales were up 79.2% and gross profit was up 168.2%.

Sales for the first nine months of fiscal 2009 were $27,405,000 as compared to $15,295,000 for the first nine months of fiscal 2008, an increase of $12,110,000 or 79.2%, reflecting significant increases in all geographic areas and most product areas. Volume wise, combined ATS government and international sales, which includes those in the Company's foreign subsidiaries, showed the most improvement, up $8,312,000, 182.8%. Overall, only two product areas evidenced sales decreases, sterilizers and service/spares, which were down a combined $310,000, 5.9%.

Overall, domestic sales in the first nine months of fiscal 2009 were $12,348,000 as compared to $9,416,000 in the first nine months of fiscal 2008, an increase of $2,932,000 or 31.1%, primarily reflecting increases in the hyperbaric (up $1,773,000, 116.4%), environmental (up $958,000, 33.9%) and simulation (up $430,000, 1,195.1%) product areas. Domestic sales represented 45.1% of the Company's total sales in the first nine months of fiscal 2009, down from 61.6% for the first nine months of fiscal 2008. U.S. Government sales in the first nine months of fiscal 2009 were $1,742,000 as compared to $1,090,000 in the first nine months of fiscal 2008 and represented 6.4% of total sales in the first nine months of fiscal 2009 versus 7.1% for the first nine months of fiscal 2008.

International sales, which includes those in the Company's foreign subsidiaries, were $13,315,000 as compared to $4,789,000 in the first nine months of fiscal 2008, an increase of $8,526,000 or 178.0%, and represented 48.5% of total sales, as compared to 31.3% in the first nine months of fiscal 2008. Only two product areas evidenced sales decreases, sterilizers and service/spares, which were down a combined $312,000, 7
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SOURCE Environmental Tectonics Corporation
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