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Spectra-Physics Revenue Jumps

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MOUNTAIN VIEW, Calif., Oct. 26 -- Spectra-Physics Inc. said its third-quarter net sales were $49.2 million, up 7 percent from $45.8 million for the third quarter of 2000. The company's book-to-bill ratio was 0.98, compared with 1.01 for the second quarter and with 1.26 for the third quarter a year ago. In the third quarter, Spectra-Physics took pretax charges of $1.3 million for an increase in the allowance for doubtful accounts related to sales of optical components, legal expenses associated with certain litigation and a previously announced restructuring. Excluding these charges, pro forma...Read full article

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    Published: October 2001
    industrialNews & Features

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