International sales fuel OEC results
Strong international acceptance of its Series 9600 mobile C-armhas helped OEC Medical Systems record sharply higher revenuesand profits for its second quarter (end-June). The Salt Lake Citycompany had second-quarter revenues of $26.1 million, up 34%
Strong international acceptance of its Series 9600 mobile C-armhas helped OEC Medical Systems record sharply higher revenuesand profits for its second quarter (end-June). The Salt Lake Citycompany had second-quarter revenues of $26.1 million, up 34% overthe $19.4 million in product sales in the same period last year.Net income was $2.8 million, compared to $300,000 in the secondquarter of 1994.
OEC was bedeviled by delays in shipping Series 9600 last yearthat were reflected in the company's 1994 results, but those bugshave been worked out, according to chairman, president and CEORuediger Naumann-Etienne. OEC's numbers this year were aided bystrong international demand for the product. International salesfor the first six months of 1995 have already exceeded the totalrecorded last year, he said.
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