Del Global reports strong profits in Q4
Del Global Technologies, a provider of diagnostic imaging systems for medical, dental and veterinary applications, has announced financial results for its fiscal 2007 fourth quarter and year (end-July 28).
The Franklin Park, Ill.-based Del Global reported consolidated net sales for the fourth quarter of fiscal 2007 increased 29.2 percent to $31 million from $24 million in the fourth quarter of fiscal 2006.
Consolidated gross margin improved to 26.6 percent of sales during the fourth quarter of fiscal 2007 from 24.6 percent of sales in the fourth quarter of fiscal 2006, which Del Global said is due to the impact of higher sales volume and better plant utilization.
Overall, its total operating expenses dropped to 15 percent of net sales from 17.4 percent of net sales in the same period one year ago, and its operating income for the fourth quarter of fiscal 2007 rose 107.9 percent to $3.6 million from $1.7 million in the comparable period last year, according to Del Global.
The Franklin Park, Ill.-based Del Global reported consolidated net sales for the fourth quarter of fiscal 2007 increased 29.2 percent to $31 million from $24 million in the fourth quarter of fiscal 2006.
Consolidated gross margin improved to 26.6 percent of sales during the fourth quarter of fiscal 2007 from 24.6 percent of sales in the fourth quarter of fiscal 2006, which Del Global said is due to the impact of higher sales volume and better plant utilization.
Overall, its total operating expenses dropped to 15 percent of net sales from 17.4 percent of net sales in the same period one year ago, and its operating income for the fourth quarter of fiscal 2007 rose 107.9 percent to $3.6 million from $1.7 million in the comparable period last year, according to Del Global.