Span-America (SPAN) Reports Q1 EPS of $0.35
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Span-America Reports First Quarter Fiscal 2017 Results
February 2, 2017 4:10 PM ESTGREENVILLE, S.C.--(BUSINESS WIRE)-- Span-America Medical Systems, Inc. (NASDAQ: SPAN) today reported its results for the first quarter ended December 31, 2016. Net income for the first quarter of fiscal 2017 declined 16% to $963,000, or $0.35 per diluted share, compared with $1.1 million, or $0.42 per diluted share, in the first quarter of fiscal 2016. Net sales for the first quarter of fiscal 2017 declined 29% to $15.2 million compared with $21.5 million in the first quarter of fiscal 2016.
We had excellent performance from our medical business in the first quarter of fiscal 2017. Our medical segment reported strong sales growth in the first... More
