Science & Technology
Science and Technology
Science and Technology
Fri, November 13, 2009
Thu, November 12, 2009 O.I. Corporation Announces Results for Third Quarter 2009
COLLEGE STATION, TX--(Marketwire - November 12, 2009) - O.I. Corporation (
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 Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 which is available on our website at [ www.oico.com ] or the SEC's website at [ www.sec.gov ].
O.I. CORPORATION FINANCIAL HIGHLIGHTS (in thousands, except earnings per share amounts) Three Months Ended Nine Months Ended Income Statement Data September 30 September 30 2009 2008 2009 2008 --------- -------- -------- -------- Net revenues $ 4,889 $ 6,621 $ 14,386 $ 21,992 Operating Income/(Loss) $ 285 $ 252 $ (469) $ 963 Income/(Loss) before income taxes $ 293 $ (94) $ (434) $ 481 Provision/(Benefit) for income taxes $ 81 $ (236) $ (163) $ (92) Net income/(Loss) $ 212 $ 142 $ (271) $ 573 Basic earnings/(loss) per share $ 0.09 $ 0.06 $ (0.12) $ 0.22 Diluted earnings/(loss) per share $ 0.09 $ 0.06 $ (0.12) $ 0.22 --------- -------- -------- -------- Balance Sheet Data September 30, December 31, Assets 2009 2008 ------------- ------------- Cash and investments $ 4,312 $ 3,434 Accounts receivable 4,197 6,195 Inventories 5,484 5,754 Other current assets 1,553 1,554 ------------- ------------- Total current assets 15,546 16,937 Long-term assets 4,318 4,667 ------------- ------------- Total assets $ 19,864 $ 21,604 ============= ============= Liabilities and Stockholders' Equity ------------- ------------- Total liabilities 2,423 3,670 Stockholders' equity: 17,441 17,934 ------------- ------------- Total liabilities and stockholders' equity $ 19,864 $ 21,604 ============= =============
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 ]
