Originally published at www.seclive.com
Measurement Specialties, Inc. (NASDAQ:MEAS) announced its financial results for the fourth quarter and full fiscal year 2014, posting improvements to sales and earnings. The company, a designer and manufacturer of sensors and related systems, posted quarterly net sales of $104.9M, up from the year-ago $89.0M while annual sales rose from $347.0M in 2013 to $412.7M in fiscal year 2014. Quarterly earnings were nearly flat with a small increase from $9.1M and $0.56 per share a year ago to $9.3M and $0.56 per share. Annual earnings increased from $34.2M and $2.12 per share to $37.8M and $2.26 per share. CEO Frank Guidone commented that the company is very well positioned going into fiscal year 2015 and is excited about its recent acquisition of Wema, which it expects to contribute significantly to the company's overall strategy.
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