Symmetry Medical Inc. (NYSE:SMA) reported sales of $76 million during the three months ended Jan. 2, 2010, a 23 percent decrease from nearly $100 million during the same period last year.
The drop in sales, which company officials blamed on reduced customer demand across all segments of the Warsaw, Ind.-based orthopedic company, held true for the entire year. The company reported a 14 percent decrease in revenues overall during 2009, recording $366 million in total sales for the year, compared to $423 million for the same period last year.
The softer sales impacted the company’s bottom line significantly. For the fourth quarter Symmetry reported $1.9 million in profits, down 57 percent from the $4.4 million the company reported during the same period last year.
During 2009, the company said profits were down 9 percent overall to $21.8 million, compared to $24 million in 2008.