Back to OICO
O.I. Corporation Announces Results for Third Quarter 2009

COLLEGE STATION, TX -- (Marketwire) -- 11/12/09 -- O.I. Corporation (NASDAQ: OICO) today announced its results for the third quarter and the first nine months of 2009. These results are summarized below.

The limited information contained in this press release is not adequate information upon which to make an informed investment decision. Accordingly, we urge investors to read our Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 which is available on our website at www.oico.com or the SEC's website at www.sec.gov.

                             O.I. CORPORATION
                           FINANCIAL HIGHLIGHTS
             (in thousands, except earnings per share amounts)


                                    Three Months Ended  Nine Months Ended
Income Statement Data                  September 30        September 30
                                      2009      2008      2009      2008
                                    --------- --------  --------  --------
Net revenues                        $   4,889 $  6,621  $ 14,386  $ 21,992
Operating Income/(Loss)             $     285 $    252  $   (469) $    963
Income/(Loss) before income taxes   $     293 $    (94) $   (434) $    481
Provision/(Benefit) for income
 taxes                              $      81 $   (236) $   (163) $    (92)
Net income/(Loss)                   $     212 $    142  $   (271) $    573

Basic earnings/(loss) per share     $    0.09 $   0.06  $  (0.12) $   0.22
Diluted earnings/(loss) per share   $    0.09 $   0.06  $  (0.12) $   0.22
                                    --------- --------  --------  --------


Balance Sheet Data
                                                September 30, December 31,
Assets                                              2009          2008
                                                ------------- -------------
Cash and investments                            $       4,312 $       3,434
Accounts receivable                                     4,197         6,195
Inventories                                             5,484         5,754
Other current assets                                    1,553         1,554
                                                ------------- -------------
   Total current assets                                15,546        16,937

Long-term assets                                        4,318         4,667
                                                ------------- -------------
   Total assets                                 $      19,864 $      21,604
                                                ============= =============

Liabilities and Stockholders' Equity
                                                ------------- -------------
Total liabilities                                       2,423         3,670

Stockholders' equity:                                  17,441        17,934
                                                ------------- -------------
   Total liabilities and stockholders' equity   $      19,864 $      21,604
                                                ============= =============

About O.I. Corporation:

O.I. Corporation, dba OI Analytical, develops, manufactures, sells, and services analytical instrumentation that detects, measures, analyzes, and monitors chemicals in liquids, solids, and gases. Providing products used to digest, extract, and separate components of chemical mixtures, the Company designs application-specific solutions for various industries including environmental testing, defense, and petrochemical. Headquartered in College Station, Texas, the Company's products are sold worldwide.

Visit the Company's web site at: http://www.oico.com

Back to OICO
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki