Dionex Reports Record Sales and Earnings for Second Quarter

22-Jan-2004

Dionex Corporation announced record sales and earnings for its second quarter and first six months of fiscal 2004.

For the second quarter ended December 31, 2003, sales were $65.5 million, an increase of 20%, compared with the $54.5 million reported for the same period last year. Excluding the favorable effects of currency fluctuations, sales growth would have been 11% for the quarter. Diluted earnings per share were $.49 for the second quarter, showing an increase of 20% over the $.41 reported in the second quarter last year. Cash flow from operations was $9 million in the quarter.

For the first six months of fiscal 2004, sales totaled $118.8 million, an increase of 17%, compared with the $101.8 million reported for the first six months of fiscal 2003. Excluding the favorable effects of currency fluctuations, sales for the first six months increased by 10%. Diluted earnings per share for the first six months ended December 31, 2003, were $.84, an increase of 20%, compared with the $.70 per share reported in the first half of last year. Cash flow from operations for the first six months was strong and totaled approximately $22 million.

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