Virtual colonoscopy and contrast agent developer E-Z-EM reported fiscal fourth-quarter net sales of $33.2 million, up 7% compared with the $31 million posted in its 2001 fiscal fourth quarter. For the period (end-June 1), the Westbury, NY-based firm had net earnings of $707,000, compared with net earnings of $477,000 last year.
For its 2002 fiscal year, the company posted net earnings of $585,000, compared with $3.2 million in net earnings for fiscal 2001. The company attributes part of the drop in net earnings to a $1.4 million restructuring charge related to the closing of its Japanese manufacturing facility in December 2001.
By AuntMinnie.com staff writersAugust 7, 2002
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E-Z-EM revenues climb in Q2, January 16, 2002
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