Reptron reports Q3 results - sales up 11.8%
Nov 09, 2006
Reptron Electronics, Inc. (OTC Bulletin Board: RPRN) reported financial results for its third quarter ended September 30, 2006.
Reptron recorded third quarter 2006 net sales of $36.4 million, an 11.8% increase from the same period a year ago, and a 2.8% increase from the second quarter of 2006. The Company recorded a third quarter 2006 net loss of $1.4 million, or $0.29 per fully diluted share. This compares to a $1.2 million loss, or $0.24 per fully diluted share, in the same period a year ago.
For the nine months ended September 30, 2006, net sales totaled $108.7 million, a 6.7% increase from the first nine months of 2005. The Company recorded a net loss during the first nine months of 2006 totaling $3.7 million, or $0.73 per fully diluted share. This compares to a $14.5 million net loss, or $2.89 per fully diluted share, during the first nine months of 2005, which included a non-cash impairment charge to goodwill of approximately $10.1 million as well as an increase to the deferred tax asset valuation allowance of approximately $0.4 million.