MERRIMACK, N.H.--(BUSINESS WIRE)--GT Solar International, Inc. (NASDAQ: SOLR) ("GT Solar"), a global provider of specialized equipment and technology for the solar power industry, today reported results for its first quarter of fiscal year 2010, which ended June 27, 2009.
Revenue for the first fiscal quarter totaled $71.8 million, compared with $57.1 million in the first quarter of fiscal year 2009. Revenue for the first fiscal quarter included $19.9 million in the PV segment and $51.9 million in the polysilicon segment.
Gross profit for the quarter totaled $35.0 million, or 49 percent of revenue, compared to $24.3 million, or 43 percent of revenue, for the first quarter of fiscal year 2009. Operating margin for the quarter was 21.7 percent, compared to 14 percent in the first quarter of fiscal 2009. The company had net income of $7.8 million in the first quarter of fiscal 2010 versus $5.1 million for the same quarter of fiscal 2009. Earnings per share in the first quarter on a fully-diluted basis were $0.05, versus $0.03 for the same quarter last year.
At quarter’s end, the company’s backlog was $1.12 billion, with $330 million in the PV segment and $785 million in the polysilicon segment. Net bookings for the quarter were $9.8 million.
No comments:
Post a Comment