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Trophy buy adds to Trex results
Radiography firm Trex Medical of Danbury, CT, reported that net income for the third quarter (end-July) climbed 54% to $5.6 million from $3.7 million for the same quarter the previous year. The company's revenues were $72.1 million, as compared with
Radiography firm Trex Medical of Danbury, CT, reported that net income for the third quarter (end-July) climbed 54% to $5.6 million from $3.7 million for the same quarter the previous year. The company's revenues were $72.1 million, as compared with $58.1 million in the third quarter of 1997.
Trex's increased sales were a result of its acquisition of Trophy Radiologie in April, as well as growth in its fluoroscopy, mammography, and cardiac catheter laboratory products, according to Hal Kirshner, president and CEO.
In other Trex news, the company announced July 23 that its Trophy division won a $10 million contract with the Department of Health for the Republic of the Philippines. The contract is guaranteed through a loan to the Philippines from the French government, and Trophy will supply medical x-ray equipment such as stationary and mobile general-purpose systems and radiographic/fluoroscopic systems. Trex expects shipments to begin in early 1999.