Sono-Tek Corporation Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended November 30, 2015; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2016
For the nine months, the company reported net sales of $8,890,027 against $7,906,332 a year ago. Income before taxes was $688,044 against $549,071 a year ago. Net income was $541,176 against $384,100 a year ago. Basic and diluted earnings per share were $0.04 against $0.03 a year ago.
The company also expects to report continuing profitability in the fourth quarter, based on current backlog and shipments to date.