“Net sales for the third quarter of 2008 were $35.8 million compared to $32.6 million for the corresponding 2007 period. The Company reported net income for the third quarter of 2008 of $.3 million, or $0.02 per diluted share, compared to $4.6 million, or $0.26 per diluted share, reported for the corresponding 2007 period. For the nine months ended September 27, 2008, net sales increased to $108.7 million compared to $102.0 million for 2007. Net income for the nine months ended September 27, 2008 was $1.8 million, or $0.10 per diluted share, compared to net income of $6.8 million, or $0.38 per diluted share, for 2007. John Aglialoro, Chairman and CEO stated, ‘Given the current global economic environment, we are pleased with the Q3 results. While general economic conditions make short-term results difficult to predict, we maintain a positive focus over the longer term. We continue to introduce new products, an important factor in continuing sales growth. CYBEX expects to ship Next Generation Arcs, a new home Arc, a totally improved commercial bike, and expanded video display products by the end of Q4.’”
http://www.marketwatch.com/news/story/cybex-announces-third-quarter-results/story.aspx?guid={572F12B1-5E41-4730-A81E-F8246F708312}&dist=hppr
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