SkyBroadband Newsletter

Satellite Internet Forum 2002

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Issue #39 - November 1-7, 2002

 
EMS Technologies Posts 3Q Net In Line With Guidance

SKYBroadband: IndustryFinancial          

 

EMS Technologies Posts 3Q Net In Line With Guidance

EMS Technologies announced third quarter 2002 net earnings of $2 million, or $.18 per share, on revenues of $75 million. For the same period last year, EMS earned $1 million, or $.10 per share, on revenues of $69 million. The 2002 results are in line with revised guidance announced earlier this month. Alfred Hansen, President and Chief Executive Officer, added, "The third quarter results were a significant accomplishment for EMS, considering the tough economic conditions that have affected so many of our key markets. Continual improvement of our processes and a focus on maintaining a lean organization were crucial to our ability to adapt and remain profitable."

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