Ceramic Industry News

SCI Engineered Materials Reports Higher 4th Qtr Revenue

February 23, 2010
/ Print / Reprints /
/ Text Size+

SCI Engineered Materials, Inc. recently reported higher total revenue and increased earnings per share for the three months ended December 31, 2010. Total revenue increased 8% to $2.6 million for the fourth quarter 2009, benefiting from both higher sales revenue and contract research revenue. Income applicable to common shares increased 77% to $157,013 from $88,787 for the fourth quarter of 2008. Net income per common share after dividends on preferred stock increased to $0.04 from $0.02 for the same period a year ago.

“Our operating results for the fourth quarter 2009 reflect further improvement in our business,” said Dan Rooney, chairman, president and CEO. “Total revenue and net income were the highest quarterly amounts of the year. The combination of increased revenue, especially from solar products, higher gross profit, and gradually improving conditions in our core markets contributed substantially to the favorable performance compared to the fourth quarter 2008.

“We are specifically pursuing opportunities to increase our presence in the solar industry’s supply chain and participate in government grants and awards consistent with SCI’s long-term growth strategy. Late in the fourth quarter 2009, we received a large follow-on order for solar products and were also notified of an award to commercialize advanced technology. We exited 2009 with record backlog and look forward to improved performance in 2010.”

Both contract research revenue and solar sales more than tripled compared to the fourth quarter of 2008. Fourth quarter 2009 revenue was adversely impacted by lower prices for a high-value raw material compared to a year ago. Excluding sales attributable to this material, revenue for the fourth quarter 2009 increased 54% vs. the same period last year. Contract research revenue was $308,233 for the fourth quarter 2009, an increase of 356% compared to a year ago. This is directly related to Small Business Innovation Research grants and program awards.

Additional details are available at www.sciengineeredmaterials.com.


Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!


Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px