MRI components provider Intermagnetics General reported that fiscal second-quarter normalized net income from operations increased 25% to $8.5 million, from $6.8 million in the same quarter last year.
For the period (end-November 27), the Latham, NY-based firm said revenues climbed about 18% to $78.1 million from $66.2 million in the same period last year.
Intermagnetics reaffirmed its sales growth forecast of greater than 15% for the fiscal year. Earnings growth is projected to be in excess of 20% for the period.
By AuntMinnie.com staff writers
January 4, 2006
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