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Gerber Scientific reports 60% earnings growth
11
Jun '13
Gerber Scientific ended its fiscal year and its 65th year in business with 57 percent year-over-year earnings growth fueled by seven new product offerings, expansion of its four businesses into new geographies and the addition of nearly 900 new customers.

Mike Elia, who has been with the company for five years and was appointed president and CEO of Gerber Scientific in August of last year, said, “The financial progress we made this past fiscal year is exciting, but, what’s even more invigorating is our renewed focus on product innovation and the expansion of our customer base.

"Forty-five years ago, Gerber revolutionized the sewn products industry with the invention of the GERBERcutter and, given the research, design and engineering work taking place across the organization now, we’re poised to do it again.”

To support its financial growth and geographic expansion, Gerber invested heavily in new product development and infrastructure improvements including the upgrade of its SAP enterprise software. During the year, the company released seven new products that simplify the design, processing and handling of flexible and semi-rigid materials. Among these are:

The Iris Spatial Positioning System, breakthrough technology for companies that manufacture heavy machinery like excavators and mining trucks; locomotives; ships and other large-scale products. Iris guides welders through the assembly process using lasers.

A version release of AccuMark, the industry’s leading pattern design, grading and marker making software for sewn products

YuniquePLM 5.0, the award-winning product lifecycle management software that helps brand owners and retailers track all of the details involved in bringing a product to market, on time and at the right cost. YuniquePLM 5.0 delivers significant functionality enhancements and improved usability.

The GERBERcutter GT3000 computer-controlled cutting system for the corrugated and folding carton packaging industry.

The latest Gerber OMEGA 5.0 graphic design and output software that enables graphics professionals to create advanced signage, labels, decals, dimensional routed products and other specialty graphics products.

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