Astro-Med rebounds in 4Q after difficult 2009

WEST WARWICK – Specialty electronics manufacturer Astro-Med Inc. posted a profit of $1.73 million, or 23 cents per diluted share, in the three months ended Jan. 31, compared with a profit of $263,000, or 4 cents per diluted share, a year earlier.
Revenue rose 4.2 percent to $16.28 million.
However, for the full year ended Jan. 31, Astro-Med recorded net income of $2.77 million, or 38 cents per diluted share, compared with net income of $2.96 million, or 40 cents per share, in the previous fiscal year. Revenue fell 11 percent to $64.03 million.
In a news release, the company noted a 15 percent increase in orders for the fourth quarter compared with the prior year, giving credit to “strong fundamentals” and new products, such as the Astro-Med Toughwriter 5 Airborne Ruggedized printer. &#8226