Home / Knowledge / News / Information Technology / Gerber announces Q2 results for fiscal 2008
Gerber announces Q2 results for fiscal 2008
03
Jan '08
Gerber Scientific, Inc reported net income of $2.5 million for the second quarter of fiscal 2008, or $0.11 per diluted share, on revenue of $160.7 million, compared with net income of $3.7 million, or $0.16 per diluted share, on revenue of $145.0 million for the second quarter of fiscal 2007.

Included in the Company's net income for the quarter ended October 31, 2007 were non-recurring after-tax charges of $0.7 million, or $0.03 per diluted share, of professional fees related to external assistance associated with the Company's adoption of Financial Accounting Standards Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109.

Foreign currency translation had the effect of increasing revenue by approximately $8.4 million in the second quarter of fiscal 2008 compared with the second quarter of fiscal 2007.

For the six months ended October 31, 2007, the Company reported net income of $5.3 million, or $0.23 per diluted share, on revenue of $314.4 million, compared with net income of $5.7 million, or $0.25 per diluted share, on revenue of $282.5 million for the six months ended October 31, 2006.

Also included in the Company's net income were non-recurring after-tax charges of $0.7 million of professional fees referred to above which reduced diluted earnings per share by $0.03 for the six months ended October 31, 2007. Foreign currency translation had the effect of increasing revenue by approximately $14.6 million for the six months ended October 31, 2007, as compared with the six months ended October 31, 2006.


Must ReadView All

Respresentatives of over 30 Chinese companies in a meeting with officials of Kazakh Invest National Company; Courtesy: primeminister.kz

Textiles | On 17th Aug 2018

Kazakh-China cooperation in textiles explored in Astana

China and Kazakhstan have immense potential to cooperate in textiles...

Courtesy: Pexels

Textiles | On 17th Aug 2018

AWEX EMI closes at highest ever level of 2116ac clean/kg

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI)...

Courtesy: VF Corporation

Apparel/Garments | On 17th Aug 2018

VF Corporation shifting global headquarters to Denver

VF Corporation, one of the largest apparel, footwear and accessories...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Top executives
Retailers

Weak rupee breeds inflation

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search