MRI components provider Intermagnetics General reported record sales of $40.1 million in its fiscal first quarter, up 26% compared with the $31.7 million in the same period last year. For the quarter (end-August 26), the Latham, NY-based vendor had record net income of $3.6 million, up from net income of $2.4 million in the same quarter in 2000.
The strong results were principally due to continued robust demand for superconducting magnet systems in its MRI segment, as well as increased shipments in the firm's instrumentation segment, said president and CEO Glenn Epstein.
By AuntMinnie.com staff writersSeptember 21, 2001
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