Sales $129.2M $131.55M
Net Inc. $6.5M, 0.52 $7.5M, 0.59
Net income slipped 13% due to a one-time $6.5 million, 51 cents earnings per share, charge related to new tax law. Excluding one-time charges in both quarters, adjusted earnings rose 27% to $16 million. Sales fell 2% on a decline in the Medical Imaging segment, the company’s largest. Security and Detection segment revenue was up 18% to $22.3 million driven by strong demand for high-speed explosive detection systems from international customers and a $1 million, one-time recovery payment from a customer for the Rapid DNA system.