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Avocent announces fourth quarter and year-end results

2008-02-01 15:40:16
 

GAAP net sales for the fourth quarter were $155.4 million compared with $164.9 million in the fourth quarter of 2006. GAAP net sales for 2007 increased to $600.9 million from $519.2 million in 2006. Fourth quarter 2007 GAAP net income was $14.1 million, or $0.28 per diluted share, in 2007, compared with $16.5 million, or $0.32 per diluted share, in the fourth quarter of 2006. GAAP net income was $45.9 million, or $0.90 per diluted share, in 2007, compared with $45.5 million, or $0.92 per diluted share, in 2006.

Operational net sales for the fourth quarter were $155.4 million compared with $166.1 million in the fourth quarter of 2006. Operational net sales for 2007 increased 15.7% to $602.7 million from $520.9 million in 2006. Fourth quarter 2007 operational net income was $27.4 million, or $0.55 per diluted share, compared with $30.6 million or $0.59 per diluted share in the fourth quarter of 2006. Operational net income was $89.8 million, or $1.76 per diluted share, in 2007 compared with $97.1 million, or $1.96 per diluted share, in 2006.