Sevcon (SEV) Reports Q1 EPS of $0.08

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Go back to Sevcon (SEV) Reports Q1 EPS of $0.08

Sevcon Reports Financial Results for First Quarter Fiscal 2015

February 3, 2015 6:29 PM EST

SOUTHBOROUGH, Mass., Feb. 3, 2015 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq: SEV) reported financial results for the first quarter of fiscal 2015 ended January 3, 2015.

First-Quarter Fiscal 2015 Results Summary

Revenues increased 10% to $9.9 million, from $9.0 million in the first quarter of fiscal 2014, reflecting  the startup of new electrification programs with on-road OEMs and volume production with new customers. Foreign currency fluctuations decreased reported sales by $268,000, or 3%, mainly due to a stronger U.S. Dollar compared with the Euro and the British Pound than in the first quarter of fiscal 2014. Operating income was $282,000, compared with... More