Fischer enjoys record fourth quarter

January 31, 1996

Record fourth quarter sales and earnings helped Fischer Imagingfinish its 1995 fiscal year with a flourish. The Denver-based x-ray vendor reported fourth-quarter earnings(end-December) of $1.5 million and $23 million in sales, bothcompany records.

Record fourth quarter sales and earnings helped Fischer Imagingfinish its 1995 fiscal year with a flourish.

The Denver-based x-ray vendor reported fourth-quarter earnings(end-December) of $1.5 million and $23 million in sales, bothcompany records. Revenues were up 25% from the same period of1994.

For the 1995 fiscal year, Fischer reported net earnings of$2.3 million on the strength of $76.8 million in sales. The performancewas a notable improvement over fiscal 1994, when the company lost$5.6 million on sales of $68.5 million. CEO Morgan Nields attributedthe turnaround to an improved sales mix and global sales growth,as well as gains made through OEM deals and internal cost-cuttingmeasures.