Analogic Corp.’s (NSDQ:ALOG) largest business segment posted flat sales, with a 9 percent dip in its bread-and-butter MRI and CT equipment business offsetting stronger sales of specialized ultrasound equipment.
The Peabody, Mass.-based imaging equipment maker posted sales of $103.3 million for the three months ended Jan. 31, essentially flat compared with $102.7 million during the same period last year. Still, net income improved to $3.6 million, compared to $1.4 million for the same period last year, when the company took a $3.5 million hit to its bottom line when it laid off 145 employees, or about 9 percent of its total workforce.
Analogic continued to shed jobs during the second quarter, laying off 17 workers.
The company’s medical business, which makes up about 86 percent of its total revenues, posted Q2 sales of $88.7 million, compared to $88.6 million during the same period last year. The slight increase was paced by a 20 percent bump in sales of specialized ultrasound equipment and a 26 percent jump for sales from its digital radiography business.
Sales of MRI and CT scanners decreased 9 percent to $55 million, compared to $61.8 million during the same period last year.