Baldwin Reports Fiscal 2001 Second Quarter Earnings
Press release from the issuing company
SHELTON, Conn.--Feb. 8, 2001--Baldwin Technology Company, Inc. (ASE:BLD) reported today that net income for its second quarter ended December 31, 2000 was $1,170,000, or $0.08 per diluted share, compared to net income of $792,000, or $0.05 per diluted share, for the second quarter of the prior year. Net sales for the current period were $45,758,000 versus $51,510,000 for the prior year's quarter.
Foreign currency translation impacts from the strong U.S. dollar decreased net sales and net income by $4,477,000 and $293,000 ($0.02 per share), respectively, compared to the prior year. This year's second quarter results included after-tax income of $785,000 or $0.05 per share related to a favorable settlement of a patent infringement suit.
Backlog as of December 31, 2000 was $65,201,000 compared to $64,549,000 at December 31, 1999, adjusted for a divestiture. Orders for this year's second quarter were $40,643,000 versus $47,631,000 for the prior year's comparable quarter, adjusted for a divestiture.
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