Overview
ETC fiscal Q2 net sales rise 20.5%, driven by ATS and Sterilizer Systems
Net income for fiscal Q2 falls due to higher non-cash tax expense
Operating income for fiscal Q2 increases 26% despite lower gross profit margin
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
ATS AND STERILIZER SALES - Significant sales increases in ATS and Sterilizer Systems drove overall sales growth
LOWER MARGINS - Gross profit margin decreased due to lower margins from subcontracted aeromedical center building work
OPERATING EXPENSES - Increase in operating expenses due to higher selling and marketing expenses
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | $16.96 mln | ||
Q2 EPS | $0.08 | ||
Q2 Net Income | $1.48 mln | ||
Q2 Gross Profit | $4.98 mln | ||
Q2 Operating Income | $2.49 mln | ||
Q2 Operating Margin | 14.70% |
Press Release: ID:nGNX2HfS6h
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)