Microsoft Cloud Authors: Elizabeth White, Yeshim Deniz, Serafima Al, Janakiram MSV, John Katrick

News Feed Item

ROFIN-SINAR Reports Results For The Fourth Quarter And Fiscal Year 2012

PLYMOUTH, Mich. and HAMBURG, Germany, Nov. 8, 2012 /PRNewswire/ -- ROFIN-SINAR Technologies Inc. - (NASDAQ: RSTI), one of the world's leading developers and manufacturers of high-performance laser beam sources, laser-based system solutions and components, today announced results for its fourth fiscal quarter and twelve months ended September 30, 2012.


(dollars in thousands, except per share data)

Three months ended

Twelve months ended



% Change



% Change

Net sales



-   13%



-   10%

RSTI net income



-   42%



-   42%

Earnings per share
"Diluted" basis*






-   42%






-   42%

*The diluted per share calculation is based on the weighted-average shares outstanding and the potential dilution from common stock equivalents (stock options) for each period presented, which was 28.5 million and 28.8 million for each of the fiscal quarters and 28.7 million and 29.1 million for the twelve-month periods ended September 30, 2012 and 2011.

"We are pleased with our financial performance in the fourth quarter, given the global economic environment. Net sales, net income and earnings per share turned out better than we expected, while gross profit was challenged by a less favorable product mix in high-power CO2 lasers as well as in multiple unit orders from one specific industry. Revenues were primarily driven by the machine tool, automotive, consumer electronics and medical device industries," commented Gunther Braun, CEO and President of RSTI. "During fiscal year 2013 we will continue to optimize the cost structure of our high-power fiber laser portfolio, which should culminate in an increase in competitiveness and further cost reduction."


- Fourth Quarter -

Net sales totaled $147.5 million for the fourth quarter ended September 30, 2012, a 13% decrease when compared to the record revenue in the fourth quarter of fiscal year 2011. Gross profit totaled $51.2 million, or 35% of net sales, compared to $60.3 million, or 36% of net sales, in the same period last fiscal year. RSTI net income amounted to $10.1 million, or 7% of net sales, compared to $17.2 million, or 10% of net sales, in the comparable quarter last fiscal year. The diluted per share calculation equaled $0.35 for the quarter based upon 28.5 million weighted-average common shares outstanding, compared to the diluted per share calculation of $0.60 based upon 28.8 million weighted-average common shares outstanding for the same period last fiscal year.

SG&A expenses in the amount of $24.7 million represented 17% of net sales and decreased by $2.4 million compared to last fiscal year's fourth quarter. Net R&D expenses decreased by $0.2 million to $10.5 million (7% of net sales), compared to $10.7 million (6% of net sales) in the fourth quarter of fiscal year 2011.

Sales of laser products for macro applications decreased by 18% to $55.2 million and accounted for 37% of total sales. Sales of lasers for marking and micro applications decreased by 13% to $75.4 million and represented 51% of total sales. Sales of components increased by 12% to $16.9 million and represented 12% of total sales.

On a geographical basis, revenues in North America increased by 1%, totaling $30.9 million, whereas net sales decreased by 10% in Europe to $63.6 million, and by 22% in Asia to $53.0 million.

- Twelve Months -

For the twelve months ended September 30, 2012, net sales totaled $540.1 million, a decrease of $57.7 million, or 10%, when compared to the record level in the prior year. The fluctuation of the US dollar, mainly against the Euro, resulted in a decrease in net sales of $18.3 million for the twelve month period. Gross profit for the period was $196.4 million, $35.7 million lower than in the same period in 2011. RSTI net income for the twelve-month period ended September 30, 2012, totaled $34.5 million. The diluted per share calculation equaled $1.20 for the twelve-month period based upon 28.7 million weighted-average common shares outstanding.

Net sales of lasers for macro applications decreased by $32.1 million, or 14%, to $205.4 million and net sales of lasers for marking and micro applications decreased by $30.1 million, or 10%, to $272.2 million. Sales of components increased $4.5 million, or 8%, to $62.5 million compared to fiscal year 2011.

On a geographical basis, net sales in North America in the twelve months increased by 8% and totaled $117.8 million (2011: $109.5 million). In Europe, net sales decreased by 11% to $239.6 million (2011: $269.6 million) and in Asia, net sales decreased by 16% to $182.7 million (2011: $218.7 million).  

- Order Backlog -

Order entry decreased by 5% to $137.4 million for the quarter and for the fiscal year by 13% to $533.9 million compared to the corresponding periods in fiscal year 2011. The backlog, mainly for laser products, amounted to $147.0 million as of September 30, 2012. The book-to-bill ratio for the quarter was 0.93 and 0.99 for the fiscal year.

- Other Developments: Share Buyback -

As of September 30, 2012, the Company has purchased over 0.5 million shares of its common stock for a total amount of $10.7 million under the buyback program that was announced in August 2012.

- Outlook -

"The continuing uncertainty regarding the global economy and the more cautious sentiment of our industrial customers, mainly in the automotive, semiconductor, electronic and machine tool industries, are reflected in our outlook. As a result of this, we expect revenues to be in the range of $130 million to $135 million and earnings per share to be between $0.25 and $0.28 for the first quarter ending December 31, 2012. Actual results may of course differ from this forecast and are subject to the safe harbor statement discussed in more detail below," concluded Gunther Braun.

With over 35 years of experience, ROFIN-SINAR Technologies is a leading developer, designer and manufacturer of lasers and laser-based system solutions for industrial material processing applications. The Company focuses on developing key innovative technologies and advanced production methods for a wide variety of industrial applications based on a broad scope of technologies. The product portfolio ranges from single laser-beam sources to highly complex systems, covering all of the key laser technologies such as CO2 lasers, fiber, solid-state and diode lasers, and the entire power spectrum, from single-digit watts up to multi-kilowatts, as well as a comprehensive spectrum of wavelengths and an extensive range of laser components. ROFIN-SINAR Technologies has its operational headquarters in Plymouth, Michigan, and Hamburg, Germany and maintains production facilities in the US, Germany, UK, Sweden, Finland, Switzerland, Singapore, and China. ROFIN currently has more than 42,000 laser units installed worldwide and serves more than 4,000 customers. The Company's shares trade on the NASDAQ Global Select Market under the symbol RSTI and are listed in Germany in the "Prime Standard" segment of the Frankfurt Stock Exchange under ISIN US7750431022. ROFIN is part of the Standard & Poor's SmallCap 600 Index and the Russell 2000 Index. Additional information is available on ROFIN-SINAR's home page: www.rofin.com.

A conference call is scheduled for 11:00 AM Eastern, today, Thursday, November 8, 2012. This call is also being broadcast live over the internet in listen-only mode. A recording will be available on the Company's home page for approximately 90 days. For a live webcast, please visit www.rofin.com at least 10 minutes prior to the call in order to download and install any necessary software. For more information, please contact Bryan Degnan at King Worldwide in New York at +1-212-889-4350 or Miles Chapman at King Worldwide in London at +44(0) 207 614 2900.



(in thousands, except per share data)

Three months


Twelve months







- Macro





- Marking/Micro





- Components





Net Sales





Costs of goods sold





Gross profit





Selling, general and administrative expenses









Intangibles amortization





Research and development expenses





Income from operations





Other income (Loss)






Income before income tax









Income tax expense





Net Income





Net income attributable to non-controlling interest





Net income attributable to RSTI





Net income attributable to RSTI

*"diluted" basis









**"basic" basis





* The diluted per share calculation is based on the weighted-average shares outstanding and the potential dilution from common stock equivalents (stock options) for each period presented, which was 28.5 million and 28.8 million for each of the fiscal quarters and 28.7 million and 29.1 million for the twelve-month periods ended September 30, 2012 and 2011.

** The basic per share calculation is based on the weighted-average shares outstanding for each period presented, which was 28.4 million and 28.5 million for the fiscal quarters and 28.5 million and 28.4 million for the twelve-month periods ending September 30, 2012 and 2011, respectively.



(dollars in thousands)




Cash, cash equivalents and short-term investments



Trade accounts receivable, net



Inventories net



Other current assets



Total current assets



Net property and equipment



Other non-current assets



Total non-current assets



Total assets




Short-term debt



Accounts payable, trade



Other current liabilities



Total current liabilities



Long-term debt



Other non-current liabilities



Total liabilities



Net stockholders' equity



Total liabilities and stockholders' equity



The Company's conference call will include discussions relative to the current quarter results and some comments regarding forward-looking guidance on future operating performance.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995.

Certain information in this press release that relates to future plans, events or performance, including statements such as "During fiscal year 2013 we will continue to optimize the cost structure of our high-power fiber laser portfolio, which should culminate in an increase in competitiveness and further cost reduction" or "As a result of this, we expect revenues to be in the range of $130 million to $135 million and earnings per share to be between $0.25 and $0.28 for the first quarter ending December 31, 2012" is forward-looking and is subject to important risks and uncertainties that could cause actual results to differ. Actual results could differ materially based on numerous factors, including currency risk, competition, risk relating to sales growth in CO2, fiber, diode, and solid-state lasers, cyclicality, conflicting patents and other intellectual property rights of fourth parties, potential infringement claims and future capital requirements, as well as other factors set forth in our annual report on Form 10-K. These forward-looking statements represent the Company's best judgment as of the date of this release based in part on preliminary information and certain assumptions which management believes to be reasonable. The Company disclaims any obligation to update these forward-looking statements.

Contact: Katharina Manok

Gunther Braun



- or -


SOURCE ROFIN-SINAR Technologies Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DXWorldEXPO LLC announced today that "Miami Blockchain Event by FinTechEXPO" has announced that its Call for Papers is now open. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expe...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...