• AI
  • Molecular Imaging
  • CT
  • X-Ray
  • Ultrasound
  • MRI
  • Facility Management
  • Mammography

Trex sale speculation causes corporate earnings to slump

Article

Company won't name potential suitors Trex Medical president and CEO William Webb blamed his company's low second quarter 2000 earnings on uncertainty among customers and dealers while his company is up for sale. Trex Medical's revenue for the

Company won't name potential suitors

Trex Medical president and CEO William Webb blamed his company's low second quarter 2000 earnings on uncertainty among customers and dealers while his company is up for sale.

Trex Medical's revenue for the quarter (end April 1) was $41.4 million, compared to $60.2 million for the quarter in 1999. Net loss for the quarter was $6.6 million, compared to a net loss of $ 4.2 million for the same quarter last year.

The company spent $900,000 on restructuring costs this year, compared with $600,000 last year.

Trex has not been performing well since parent company Thermo Electron, which makes measurement instruments, announced it would seek a buyer for its subsidiary earlier this year.

Adding to its woes, the company lost a breast biopsy table distribution contract with U.S. Surgical and many top executives have left. Trex was expected to be the first U.S. company to receive 510(k) approval for its full-field digital mammography unit, but GE Medical beat it out in the race. Webb has said he hopes Trex can find a buyer in the diagnostic imaging field (SCAN 2/16/00).

Speculation about who will buy Trex abounds in the industry. Caroline Grossman, Thermo Electron spokesperson, said Trex officials would not comment on the sale or elaborate on Trex's second quarter results.

Related Videos
Can Fiber Optic RealShape (FORS) Technology Provide a Viable Alternative to X-Rays for Aortic Procedures?
Does Initial CCTA Provide the Best Assessment of Stable Chest Pain?
Making the Case for Intravascular Ultrasound Use in Peripheral Vascular Interventions
Can Diffusion Microstructural Imaging Provide Insights into Long Covid Beyond Conventional MRI?
Assessing the Impact of Radiology Workforce Shortages in Rural Communities
Emerging MRI and PET Research Reveals Link Between Visceral Abdominal Fat and Early Signs of Alzheimer’s Disease
Reimbursement Challenges in Radiology: An Interview with Richard Heller, MD
Nina Kottler, MD, MS
The Executive Order on AI: Promising Development for Radiology or ‘HIPAA for AI’?
Related Content
© 2024 MJH Life Sciences

All rights reserved.