Ultralife Corp. (ULBI) Reports Q1 EPS of $0.93; Approves Extension to Buyback Program

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Go back to Ultralife Corp. (ULBI) Reports Q1 EPS of $0.93; Approves Extension to Buyback Program

Ultralife Corporation Reports First Quarter Results

April 30, 2015 7:01 AM EDT

NEWARK, N.Y., April 30, 2015 (GLOBE NEWSWIRE) -- Ultralife Corporation (Nasdaq: ULBI) reported operating income of $0.8 million on revenue of $19.2 million for the first quarter ended March 29, 2015. For the first quarter of 2014, the Company reported an operating loss of $1.1 million on revenue of $15.3 million.

"Building on our strong fourth quarter performance, we continued to execute well against our business model parameters in the first quarter. With both Battery & Energy Products and Communications Systems producing top-line sales growth, Ultralife generated consolidated gross margin of 31.3%, operating margin of 4.3% and EPS of $0.03 for the... More