O.I. Corporation Announces Results for Third Quarter of 2010
03 Novembre 2010 - 8:11PM
Marketwired
O.I. Corporation (NASDAQ: OICO) today announced its results for the
three months ended September 30, 2010. These results are summarized
below.
The limited information contained in this press release is not
adequate information upon which to make an informed investment
decision. Accordingly, we urge investors to read our Annual Report
on Form 10-K for the year ended December 31, 2009 which we filed
with the Securities Exchange Commission (SEC) on March 15, 2010.
Additional information regarding our third quarter performance is
available in our Quarterly Report on Form 10-Q which we filed with
the SEC earlier today. This document is available on our website at
www.oico.com/oicorp and the SEC's website at www.sec.gov.
O.I. CORPORATION
FINANCIAL HIGHLIGHTS
(in thousands, except earnings per share amounts)
----------------------------------------------------------
Three Months Ended
September 30
----------------------------------------------------------
2010 2009
----------------------------------------------------------
Net revenues $ 6,434 $ 4,889
----------------------------------------------------------
Operating income (loss) 887 285
----------------------------------------------------------
Income before income taxes 900 293
----------------------------------------------------------
Provision for income taxes 338 81
----------------------------------------------------------
Net income 562 212
----------------------------------------------------------
----------------------------------------------------------
Basic earnings per share 0.24 0.09
----------------------------------------------------------
Diluted earnings per share 0.24 0.09
----------------------------------------------------------
----------------------------------------------------------------------
Balance Sheet Data
September 30, December 31,
Assets 2010 2009
----------------------------------------------------------------------
Cash and investments $ 6,340 $ 4,614
Accounts receivable 5,532 4,371
Inventories 5,318 5,657
Other current assets 1,314 1,828
----------------------------------------------------------------------
Total current assets 18,504 16,470
Long-term assets 3,884 4,117
-------------------------------------
Total assets $ 22,388 $ 20,587
=====================================
Liabilities and Stockholders'
Equity
----------------------------------------------------------------------
Total liabilities $ 3,670 $ 2,895
Stockholders' equity: 18,718 17,692
-------------------------------------
Total liabilities and
stockholders' equity $ 22,388 $ 20,587
---------------------------------=====================================
About O.I. Corporation: O.I. Corporation,
dba OI Analytical, develops, manufactures, sells, and services
analytical instrumentation that detects, measures, analyzes, and
monitors chemicals in liquids, solids, and gases. Providing
products used to digest, extract, and separate components of
chemical mixtures, the Company designs application-specific
solutions for various industries including environmental testing,
defense, and petrochemical. Headquartered in College Station,
Texas, the Company's products are sold worldwide.
Visit the Company's web site at: http://www.oico.com
Investor Relations: Bruce Lancaster Chief Executive Officer
& Chief Financial Officer 979.690.1711
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