X-ray contrast media manufacturer E-Z-EM of Westbury, NY, checked in with strong financial results for its second fiscal quarter (end-November 27). The company reported net earnings of $1.8 million on sales of $28 million for the quarter, compared with net earnings of $1.5 million on sales of $26.5 million for the comparable period the year before.
Company chairman Howard Stern said the figures represented the company's seventh consecutive quarter of positive earnings, with strong sales growth, both in the U.S. and internationally, for its gastrointestinal imaging products. However, Stern said the results were tempered somewhat by the cost of developing and introducing several new product lines, and by lower-than-expected sales in the company's Angiodynamics segment, which manufactures products for diagnosing and treating vascular disease.
By AuntMinnie.com staff writers
January 12, 2000
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