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Mesa Labs Reports Higher Quarterly Sales and Earnings
Date:2/10/2009

LAKEWOOD, Colo., Feb. 10 /PRNewswire-FirstCall/ -- Mesa Laboratories, Inc. (Nasdaq: MLAB) today reported significantly higher sales and earnings for both its fiscal third quarter and nine months ended December 31, 2008.

Highlights:

  • Third quarter revenue increases 16%
  • Third quarter net income increases 8%
  • Third quarter diluted EPS increases 12%

For the third quarter of fiscal 2009, net sales increased 16 percent to $5,337,000 from $4,614,000 in the same quarter last year. Net income for the quarter increased eight percent to $1,216,000 or $.38 per diluted share compared to $1,121,000 or $.34 per diluted share one year ago.

For the first nine months of fiscal 2009, net sales increased 17 percent to $16,071,000 from $13,768,000 in the same period last year. Net income for the first nine months increased five percent to $3,586,000 or $1.11 per diluted share compared to $3,415,000 or $1.04 per share one year ago.

"Mesa's business continued to perform well in the third quarter of fiscal 2009, driven primarily by excellent sales growth of the Raven and Medical product lines," said John J. Sullivan, President and Chief Operating Officer. "While sales for the DataTrace line were flat this quarter compared to last year, year-to-date this product line is exhibiting double-digit growth. DataTrace sales have always been more cyclical and it is not uncommon to see periods of high growth followed by a period of modest decline for these products. Overall however, we are encouraged by the long term incremental growth of the DataTrace line, driven partially by the positive impact of our new, market-leading RF technology introduced earlier this year," continued John Sullivan. "Looking ahead
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SOURCE Mesa Laboratories, Inc.
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