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
Founded in 1975
Sono-Tek Corporation Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended August 31, 2015; Provides Earnings Guidance for the Third Quarter 2015
Oct 14 15
Sono-Tek Corporation announced unaudited earnings results for the second quarter and six months ended August 31, 2015. For the quarter, the company's sales were $2,975,000 compared to sales of $2,634,000 for the prior year period, an increase of $341,000 or 13%. Although not directly reported, a comparison of the three months ended August 31, 2015 to the three months ended May 31, 2015, also showed an increase in sales of $92,000 or 3%, continuing an upward trend for this Fiscal Year. Net income was $144,000 compared to $115,000 for the prior year period, an increase of $29,000. Basic and diluted earnings per share were $0.01 against $0.01 a year ago. Income before taxes was $196,111 against $188,564 a year ago.
For the six months, the company's net sales were $5,857,570 against $5,054,426 a year ago. Income before taxes was $403,348 against $270,356 a year ago. Net income was $297,612 against $181,667 a year ago. Basic and diluted earnings per share were $0.02 against $0.01 a year ago.
The company also expects to report continuing profitability in the third quarter, based on current backlog and shipments to date.
Sono-Tek Corporation Reports Unaudited Earnings Results for the First Quarter Ended May 31, 2015; Provides Sales Guidance for the Second Quarter of 2015
Jul 15 15
Sono-Tek Corporation reported unaudited earnings results for the first quarter ended May 31, 2015. For the quarter, the company reported sales o $2,883,000 compared to sales of $2,421,000 for the prior year period, an increase of $462,000 or 19%. Operating income was $223,000 compared to $88,000 for the prior year period, an increase of $135,000 or 153%. The increase reflects a strong leveraging of the 19% sales increase. Net income was $154,000 or $0.01 per basic and diluted share compared to $67,000 or $0.00 per basic and diluted share for the prior year period, an increase of $87,000 or 130%. Income before taxes was $207,236 against $81,791 a year ago.
The company expects second quarter of 2015 sales to be higher than both the first quarter and last year's second quarter.