Ad Hoc Announcement - ROFIN-SINAR Reports Results for the First Quarter Fiscal Year 2010

PLYMOUTH, Mich. and HAMBURG, Feb. 4 /PRNewswire-FirstCall/ -- ROFIN-SINAR Technologies Inc. (Nasdaq: RSTI), one of the world's leading developers and manufacturers of high-performance laser beam sources and laser-based solutions, today announced results for its first fiscal quarter ended December 31, 2009.

- First Quarter -

Net sales totaled $93.0 million for the first quarter ended December 31, 2009, a 13% decrease over the comparable quarter of fiscal year 2009. The impact of the weakening US dollar, mainly against the Euro, resulted in an increase in net sales of $5.4 million in the first quarter. Gross profit totaled $35.9 million, or 39% of net sales, compared to $42.7 million, or 40% of net sales, in the same period of fiscal year 2009. RSTI net income amounted to $3.6 million, or 4% of net sales, compared to $7.6 million, or 7% of net sales, in the comparable quarter last fiscal year. The diluted per share calculation equaled $0.12 for the quarter based upon 29.4 million weighted-average common shares outstanding, compared to the diluted per share calculation of $0.26 based upon 28.9 million weighted-average common shares outstanding for the same period last fiscal year.

SG&A in the amount of $21.8 million, represented 23% of net sales and decreased by $3.0 million compared to last fiscal year's first quarter. Net R&D expenses decreased by $0.8 million to $7.7 million compared to $8.5 million in the first quarter in fiscal year 2009 and represented 8% of net sales in both periods.

Sales of laser products used for macro applications stayed flat and amounted to $41.6 million, accounting for 45% of total sales. Sales of lasers for marking and micro applications decreased by 23% to $41.9 million and represented 45% of total revenues. Components sales decreased by 14% to $9.5 million and represented 10% of total revenues.

On a geographical basis, net sales in North America decreased by 12% and totaled $16.4 million. In Europe, net sales decreased by 27% to $50.3 million and in Asia, net sales increased by 33% to $26.3 million.  

Order entry for the quarter amounted to $99.9 million and resulted in a backlog of $94.5 million at December 31, 2009, mainly for laser products.

The full text of the press release and further information including comprehensive financial data is available online at www.rofin.com - Investor Relations - Publications - Financial Press Releases.

SOURCE ROFIN-SINAR Technologies Inc.