Del Global Technologies reported a 15% increase in sales for its 2010 second fiscal quarter (end-January 30), due primarily to stronger sales by its Medical Systems Group, which includes the company's dental imaging products.
Net sales of $18.1 million for the second quarter reflect an increase of $2.4 million, or 15.1%, compared to the same quarter a year ago. The Medical Systems Group's second quarter sales of $14.9 million were $2.5 million, or 19.6%, higher than the prior year's second quarter, primarily due to increased international customer orders.
Net income for the quarter was $1.2 million, compared to a net loss of $1.8 million in the second quarter of 2009.
"In spite of a continuing sluggish economy, we are pleased with the sales and earnings for the quarter from our Medical and Power businesses," President and CEO John Quicke stated in a press release. "Both of these businesses continue to pursue operating improvements through lean manufacturing initiatives. In addition, our effort to complete the transition of the Del Medical business to a new owner and wind down our investment is proceeding better than we planned."
Last November the company divested part of its Del Medical Imaging unit. However, the move did not affect the company's Villa subsidiary, which markets the Endos, Rotograph, and Strato intraoral and panoramic systems for dentistry.
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