GSI Group (GSIG) Reports In-Line Q1 EPS

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Go back to GSI Group (GSIG) Reports In-Line Q1 EPS

GSI Group Announces Financial Results for the First Quarter of 2016

May 6, 2016 9:02 AM EDT

- First Quarter 2016 Revenue of $90.3 million

- First Quarter 2016 Adjusted Earnings per Share ("EPS") of $0.18

- First Quarter 2016 Adjusted EBITDA of $13.5 million

- First Quarter 2016 Operating Cash Flow from Continuing Operations of $8.3 million

- Company Name Change to Novanta expected in May 2016

BEDFORD, Mass., May 6, 2016 /PRNewswire/ -- GSI Group Inc. (NASDAQ: GSIG) (the "Company", "we", "our", "GSI"), a global leader and supplier of laser, precision motion, and vision technologies to original equipment manufacturers in the medical and advanced industrial markets, today reported... More

John A. Roush Joins the Advanced Energy Board of Directors

May 5, 2016 4:05 PM EDT

FORT COLLINS, Colo., May 05, 2016 (GLOBE NEWSWIRE) -- Advanced Energy Industries, Inc. (Nasdaq: AEIS) today announced that John A. Roush, the chief executive officer of GSI Group, Inc. (Nasdaq: GSIG), a leading global supplier of precision photonic components and subsystems to OEM's in the medical and advanced industrial markets, has joined the companys board of directors.

We are very pleased to welcome John to our Board," said Grant Beard, the chairman of Advanced Energy. His extensive leadership experience in diverse industrial markets and thorough... More