May 27, 2017 5:57 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Sono-Tek Corporation

Company Overview

Sono-Tek Corporation develops, manufactures, sells, installs, and services ultrasonic spray coating equipment using ultrasonic liquid atomizing nozzles technology worldwide. The company operates through two segments, Ultrasonic Spray Coating Systems and Real Estate Operations. Its ultrasonic nozzle systems atomize low to medium viscosity liquids by converting electrical energy into mechanical motion in the form of ultrasonic vibrations that break liquids into minute drops that can be applied to surfaces at low velocity. The company offers various spray fluxer products, including SonoFlux 2000F for electronic circuit board manufacturers to apply solder flux to fixed width circuit boards; Sono...

2012 Route 9W

Milton, NY 12547

United States

Founded in 1975

58 Employees

Phone:

845-795-2020

Fax:

845-795-2720

Key Executives for Sono-Tek Corporation

Chairman and Chief Executive Officer
Age: 75
Total Annual Compensation: $180.0K
President and Director
Age: 48
Total Annual Compensation: $231.0K
Chief Financial Officer
Age: 53
Total Annual Compensation: $160.0K
Compensation as of Fiscal Year 2016.

Sono-Tek Corporation Key Developments

Sono-Tek Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended February 28, 2017

Sono-Tek Corporation reported earnings results for the fourth quarter and full year ended February 28, 2017. For the quarter, the company reported, net sales of $2,574,787, operating income of $27,471, net income of $67,246, compared to net sales of $2,943,703, operating income of negative $751, net income of negative $50,205, for the same period a year ago. For the year to date, the company reported, net sales of $9,724,553, operating income of negative $148,267, net income of $95,706, compared to net sales of $11,833,730, operating income of $740,291, net income of $547,729, for the same period a year ago.

Sono-Tek Corporation Announces Preliminary Sales Results for the Fiscal Year Ended February 28, 2017; Provides Earnings Guidance for the Fiscal Year Ended February 28, 2017, First Quarter and Fiscal Year Ending February 2018

Sono-Tek Corporation announced preliminary sales results for the fiscal year ended February 28, 2017. The company announced preliminary sales of $9,725,000 for the fiscal year ended February 28, 2017, compared to sales of $11,834,000 for the previous fiscal year, a decrease of $2,109,000 or 18%. However, during fiscal year 2017, the company showed positive revenue gains in each quarter when compared to a slow first quarter. The current year's sales decrease was primarily due to decreases in sales of float glass line coating equipment, combined with a strong U.S. dollar and slower sales to China. The company provided earnings guidance for the fiscal year ended February 28, 2017, first quarter and fiscal year ending February 2018. For the fiscal year ended February 28, 2017, the company expects to report income before taxes of $66,000 compared to $742,000 for the year ended February 28, 2016. For the first quarter of 2018, the company expecting to report increased sales compared to last year's first quarter. For the full year 2018, the company targeting growth in revenues based on several new products and applications, as well as the improving tax and regulatory climate anticipated in the U.S.

Sono-Tek Corporation expected to report Fiscal Year 2017 results on May 27, 2017. This event was calculated by Capital IQ (Created on January 18, 2017).

Sono-Tek Corporation expected to report Fiscal Year 2017 results on May 27, 2017. This event was calculated by Capital IQ (Created on January 18, 2017).

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