O.I. Corporation Announces Results for Third Quarter 2009
13 November 2009 - 5:14AM
Marketwired
O.I. Corporation (NASDAQ: OICO) today announced its results for the
third quarter and the first nine months of 2009. These results are
summarized below.
The limited information contained in this press release is not
adequate information upon which to make an informed investment
decision. Accordingly, we urge investors to read our Quarterly
Report on Form 10-Q for the quarter ended September 30, 2009 which
is available on our website at www.oico.com or the SEC's website at
www.sec.gov.
O.I. CORPORATION
FINANCIAL HIGHLIGHTS
(in thousands, except earnings per share amounts)
Three Months Ended Nine Months Ended
Income Statement Data September 30 September 30
2009 2008 2009 2008
--------- -------- -------- --------
Net revenues $ 4,889 $ 6,621 $ 14,386 $ 21,992
Operating Income/(Loss) $ 285 $ 252 $ (469) $ 963
Income/(Loss) before income taxes $ 293 $ (94) $ (434) $ 481
Provision/(Benefit) for income
taxes $ 81 $ (236) $ (163) $ (92)
Net income/(Loss) $ 212 $ 142 $ (271) $ 573
Basic earnings/(loss) per share $ 0.09 $ 0.06 $ (0.12) $ 0.22
Diluted earnings/(loss) per share $ 0.09 $ 0.06 $ (0.12) $ 0.22
--------- -------- -------- --------
Balance Sheet Data
September 30, December 31,
Assets 2009 2008
------------- -------------
Cash and investments $ 4,312 $ 3,434
Accounts receivable 4,197 6,195
Inventories 5,484 5,754
Other current assets 1,553 1,554
------------- -------------
Total current assets 15,546 16,937
Long-term assets 4,318 4,667
------------- -------------
Total assets $ 19,864 $ 21,604
============= =============
Liabilities and Stockholders' Equity
------------- -------------
Total liabilities 2,423 3,670
Stockholders' equity: 17,441 17,934
------------- -------------
Total liabilities and stockholders' equity $ 19,864 $ 21,604
============= =============
About O.I. Corporation:
O.I. Corporation, dba OI Analytical, develops, manufactures,
sells, and services analytical instrumentation that detects,
measures, analyzes, and monitors chemicals in liquids, solids, and
gases. Providing products used to digest, extract, and separate
components of chemical mixtures, the Company designs
application-specific solutions for various industries including
environmental testing, defense, and petrochemical. Headquartered in
College Station, Texas, the Company's products are sold
worldwide.
Visit the Company's web site at: http://www.oico.com
Investor Relations: Bruce Lancaster Chief Executive Officer
& Chief Financial Officer 979.690.1711
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