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Message: Who they are: Gerber Scientific

GERBER SCIENTIFIC

(NYSE: GRB)
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AP
Gerber's 3Q Profit Leaps 41 Percent
Thursday March 6, 9:56 am ET

 
Gerber Scientific's Profit Leaps 41 Percent in the 3rd Qtr on Sales to Sign, Graphics Makers
SOUTH WINDSOR, Conn. (AP) -- Gerber Scientific Inc.'s profit jumped 41 percent in the fiscal third quarter on strong sales to sign and graphics makers, the manufacturing systems maker said Thursday.

Gerber Scientific earned $3.1 million, or 13 cents per share, in the three months ended Jan. 31, compared with profit of $2.2 million, or 10 cents per share, in the fiscal third quarter of last year.

Analysts polled by Thomson Financial forecast, on average, profit of 12 cents per share.

Revenue climbed 11 percent to $152 million from $137.1 million, meeting expectations.

Gerber Scientific makes systems that help manufacturers make things like signs, lenses and packaging.

Chief Executive Marc T. Giles said in a statement that revenue growth was led by the sign-making and specialty-graphics segment.

 

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