Atrion Reports Second Quarter Results
(firmenpresse) - ALLEN, TX -- (Marketwire) -- 08/07/12 -- Atrion Corporation (NASDAQ: ATRI) today announced that for the second quarter of 2012 diluted earnings per share were down 13% and revenues were down 1% compared to the results for the second quarter of 2011.
Atrion's revenues for the quarter ended June 30, 2012 totaled $30.7 million compared with $31.1 million in the same period in 2011. On a diluted per share basis, earnings for the period decreased to $3.02 as compared to $3.46 in the same period of last year. Net income for the second quarter totaled $6.1 million compared to $7.0 million in last year's second quarter.
Commenting on the Company's performance for the 2012 second quarter compared with the same period last year, David A. Battat, President and CEO, said, "We are very pleased with the substantial increase in revenues of our cardiovascular products which were up 16% reflecting record quarterly shipments of MPS equipment and disposables used in cardiac surgery. We also continued to experience a healthy increase in our fluid delivery products. The solid growth in the two largest areas of our business was masked by the anticipated decline in shipments of ophthalmic products due to a customer's inventory adjustment described in detail in our year-end and first quarter press releases, and a substantial reduction in sales of non-medical valves used in military and recreational boating applications." Mr. Battat added, "Cash and short and long term investments decreased by $1.0 million in the quarter, after spending $2.9 million for capital additions and $2.7 million for the purchase of 13,572 shares of our stock at an average cost of $201 per share."
Atrion Corporation develops and manufactures products primarily for medical applications. The Company's website is .
Jeffery Strickland
Vice President and Chief Financial Officer
(972) 390-9800
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Datum: 07.08.2012 - 14:30 Uhr
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News-ID 1140224
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Medical Devices
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