Projo Biz Blog

Astro-Med, Inc., based in West Warwick, reported fourth quarter net income of $263,000, or four cents per diluted share on sales of $15.6 million.

During the comparable period a year ago, the company reported net income of $1.3 million, or 18 cents a diluted share on sales of $18.1 million.

Net income in the prior year's fourth quarter included a restructuring charge of approximately $316,000 after tax equal to four cents per diluted share. The previous year's fourth quarter net income also included a tax benefit of $739,000, equal to 10 cents per diluted share related to the closing of our sales and service offices in Italy and the Netherlands.

 Tags  Astro-Med

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