Trex’s quarterly earnings surge
Trex Medical credited growth in internal sales for a strong 1998 fiscal first quarter. The Danbury, CT-based vendor posted a 16.8% increase in revenues for the period (end-January 3). Quarterly revenues were $64.1 million, compared with $54.9 million
Trex Medical credited growth in internal sales for a strong 1998 fiscal first quarter. The Danbury, CT-based vendor posted a 16.8% increase in revenues for the period (end-January 3). Quarterly revenues were $64.1 million, compared with $54.9 million reported for the same period last year. Net earnings leaped to $4.4 million, up from $3.3 million realized in the first quarter of 1997.
Trex president and CEO Hal Kirshner pointed to strong sales of the firm's mammography, minimally invasive breast biopsy, and cardiac cath lab products as reasons for the strong financial performance. The transition from OEM sales to direct sales for the company's interventional cardiac imaging systems also contributed to improvements in gross profit margins, he said.
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