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Rofin-Sinar: Press Release For Q4 2015 Exhibit - PRESS RELEASE - Contact: Katharina Manok ROFIN-SINAR

The following excerpt is from the company's SEC filing.


- or -



Full-year net income was up 64% to $41.3 million from $25.2 million

Gross margin for the quarter increased to 40%, meeting the target set for fiscal year-end

Fourth quarter revenues were $142 million, surpassing the high end of the guidance range

Quarterly earnings per share increased 21% year-over-year to $0.52 from $0.43

Quarterly high-power fiber laser unit sales increased by almost 80% year-over-year

Board authorized share buy back program of $50 million

Plymouth, MI / Hamburg, Germany, November 12, 2015

- ROFIN-SINAR Technologies Inc. (NASDAQ: RSTI), one of the world's leading developers and manufacturers of high-performance laser beam sources, laser-based system solutions and components, today announced results for its fourth fiscal quarter and twelve months ended September 30, 2015.


(dollars in thousands, except per share data)

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Net sales





RSTI net income





Earnings per share "Diluted" basis*

The diluted per share calculation is based on the weighted-average shares outstanding and the potential dilution from common stock equivalents (stock options) for each period presented, which was 28.3 million and 28.1 million for the fiscal quarters ended September 30, 2015 and 2014, respectively, and 28.3 million and 28.2 million for the twelve-month periods ended September 30, 2015 and 2014, respectively.

“We are pleased to report strong financial results for our fourth quarter and full fiscal year. It was our strongest quarter in fiscal year 2015, with both earnings and revenues surpassing our guidance. We continue to see the

positive effects of our cost optimization strategies, including our consolidation efforts, and were able to further improve gross profit margin to 40% for the quarter,” said Thomas Merk, CEO and President of RSTI.

“Our 3rd generation high-power fiber laser business is progressing very well. We further improved our margins in the manufacturing of these lasers through better fixed cost absorption and scaling effects derived from higher business volume. On a sequential basis, we were able to increase quarterly unit sales by roughly 50% and it is our target to achieve a growth rate of this magnitude in fiscal year 2016. In our second growth area, the ultrashort pulse lasers, we are also gaining momentum. In this segment, we see future growth in the medical device, automotive and photovoltaic industries. On a sequential basis, revenues from ultrashort pulse lasers more than doubled. We made more first installations

for the cutting of brittle materials in Asia and Europe and were granted an additional fundamental patent in the U.S.”

“With our efficiency and cost reduction program that we announced in the second quarter, we continue to proactively target further cost control, while actively promoting sales and development in key areas and markets. Coupling these initiatives on the cost side with our strong product portfolio, we feel well-positioned for a successful fiscal year 2016,” Thomas Merk concluded.


- Fourth Quarter -

Net sales totaled $142.0 million for the fourth quarter ended September 30, 2015, slightly lower than in the fourth quarter of fiscal year 2014. The fluctuation of the U.S. dollar, mainly against the Euro, resulted in a decrease of quarterly net sales of $13.7 million. Gross profit totaled $56.2 million, or 40% of net sales, compared to $54.6 million, or 37% of net sales, in the same period last fiscal year. RSTI net income amounted to $14.8 million, or 10% of net sales, compared to $12.0 million, or 8% of net sales, in the comparable quarter in the prior year. The diluted earnings per share was $0.52 for the quarter based upon 28.3 million weighted-average common shares outstanding, compared to the diluted earnings per share of $0.43 based upon 28.1 million weighted-average common shares outstanding for the same period last fiscal year.

SG&A expenses of $24.2 million represented 17% of net sales and decreased

by $2.9

million compared to last fiscal year’s fourth quarter. Net R&D expenses decreased by $1.7 million to $9.8 million and represented 7% of net sales.

Sales of laser products for macro applications decreased by 3% to $55.6 million and accounted for 39% of total sales. Sales of lasers for marking and micro applications decreased by 6% to $65.5 million and represented 46% of total sales. Sales of components increased by 8% to $20.9 million and represented 15% of total sales.

On a geographical basis, revenues were stable in North America, totaling $28.1 million, decreased by 7% to $48.5 million in Asia, and were flat at $65.4 million in Europe during the fourth quarter of fiscal year 2015.

The following non-GAAP presentation shows the sales and order entry figures for the fourth quarter of fiscal year 2015 when applying the average exchange rates of the comparable period of fiscal year 2014:





Order Entry




- Twelve Months -

For the twelve months ended September 30, 2015, net sales totaled $519.6 million, a decrease of $10.5 million, or 2%, when compared to the prior fiscal year. The fluctuation of the U.S. dollar, mainly against the Euro, resulted

in a decrease in net sales of $49.3 million for the twelve-month period. Gross profit for the period was $196.5 million, $7.6 million higher than in fiscal year 2014. RSTI net income for the fiscal year ended September 30, 2015, totaled $41.3 million. The diluted earnings per share was $1.46 based upon 28.3 million weighted-average common shares...