MOCON Inc. (MOCO, Financial) filed Quarterly Report for the period ended 2012-06-30.
Mocon, Inc. has a market cap of $80.7 million; its shares were traded at around $14.36 with a P/E ratio of 23.4 and P/S ratio of 2.2. The dividend yield of Mocon, Inc. stocks is 2.9%. Mocon, Inc. had an annual average earning growth of 4.8% over the past 10 years. GuruFocus rated Mocon, Inc. the business predictability rank of 4-star.
Total consolidated sales to foreign customers increased 62% in the current quarter compared to the same quarter last year as Dansensors primary markets are in Europe. Sales to domestic customers increased 24% in the current quarter as the packaging products and services accounted for virtually all of the increase. Domestic and foreign sales accounted for 37% and 63%, respectively, of our consolidated second quarter sales in 2012, and 43% and 57% of our consolidated sales, respectively, for the same period in 2011.
Permeation Testing Products and Services Sales of our permeation testing products and services declined 16% for the three months ended June 30, 2012 compared to the same period in the prior year, and accounted for 33% and 57% of our consolidated second quarter sales in 2012 and 2011, respectively. Foreign sales comprised 68% of the shipments of this product group in the second quarter 2012, and were down 16% from the same period in prior year. Domestic sales accounted for 32% of the shipments in this group and also declined 16% in the current quarter compared to same period in the prior year. We believe that the decline in the current quarter was due to an unusually strong quarter in the prior year and economic concerns in many parts of the world.
Sales of our permeation products and services, which accounted for 43% and 60% of our consolidated sales during the first six months in 2012 and 2011, declined 11% during the first six months of 2012 compared to the same period in the prior year. International sales of permeation products and services accounted for 72% of sales in this product group and decreased 4% from the same period in the prior year. Domestic sales accounted for 28% of this product group and decreased 26% in the first six months of 2012 compared to the same period in the prior year.
Selling, general and administrative (SG&A) expenses were $5,601,000, or 43% of consolidated sales, in the three-month period ended June 30, 2012, compared to $3,149,000, or 35% of consolidated sales, in the same period of 2011. The increase in the current quarter was primarily related to the SG&A expenses of Dansensor totaling $1,897,000 and professional fees incurred in connection with the acquisition of Dansensor totaling $386,000.
Read the The complete Report
Mocon, Inc. has a market cap of $80.7 million; its shares were traded at around $14.36 with a P/E ratio of 23.4 and P/S ratio of 2.2. The dividend yield of Mocon, Inc. stocks is 2.9%. Mocon, Inc. had an annual average earning growth of 4.8% over the past 10 years. GuruFocus rated Mocon, Inc. the business predictability rank of 4-star.
Highlight of Business Operations:
Sales for the three-month period ended June 30, 2012 were $13,199,000, up 45% compared to $9,082,000 for the same period in 2011. We experienced significant growth in our packaging products and services product line due to the addition of sales from Dansensor , which includes on-line and off-line analyzers, leak detection instruments and gas mixers. This product line accounted for 48% of total consolidated sales for the quarter ended June 30, 2012 compared to 17% for the same period in 2011.Total consolidated sales to foreign customers increased 62% in the current quarter compared to the same quarter last year as Dansensors primary markets are in Europe. Sales to domestic customers increased 24% in the current quarter as the packaging products and services accounted for virtually all of the increase. Domestic and foreign sales accounted for 37% and 63%, respectively, of our consolidated second quarter sales in 2012, and 43% and 57% of our consolidated sales, respectively, for the same period in 2011.
Permeation Testing Products and Services Sales of our permeation testing products and services declined 16% for the three months ended June 30, 2012 compared to the same period in the prior year, and accounted for 33% and 57% of our consolidated second quarter sales in 2012 and 2011, respectively. Foreign sales comprised 68% of the shipments of this product group in the second quarter 2012, and were down 16% from the same period in prior year. Domestic sales accounted for 32% of the shipments in this group and also declined 16% in the current quarter compared to same period in the prior year. We believe that the decline in the current quarter was due to an unusually strong quarter in the prior year and economic concerns in many parts of the world.
Sales of our permeation products and services, which accounted for 43% and 60% of our consolidated sales during the first six months in 2012 and 2011, declined 11% during the first six months of 2012 compared to the same period in the prior year. International sales of permeation products and services accounted for 72% of sales in this product group and decreased 4% from the same period in the prior year. Domestic sales accounted for 28% of this product group and decreased 26% in the first six months of 2012 compared to the same period in the prior year.
Selling, general and administrative (SG&A) expenses were $5,601,000, or 43% of consolidated sales, in the three-month period ended June 30, 2012, compared to $3,149,000, or 35% of consolidated sales, in the same period of 2011. The increase in the current quarter was primarily related to the SG&A expenses of Dansensor totaling $1,897,000 and professional fees incurred in connection with the acquisition of Dansensor totaling $386,000.
Read the The complete Report
