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Anaren Inc. Reports Operating Results (10-Q)

May 11, 2009 | About:

Anaren Inc. (ANEN) filed Quarterly Report for the period ended 2009-03-31.

Anaren designs develops manufactures and sells highly integrated microwave component assemblies and subsystems for the wireless communications satellite communications and defense electronics markets. Anaren Inc. has a market cap of $217.2 million; its shares were traded at around $14.95 with a P/E ratio of 27.7 and P/S ratio of 1.7. Anaren Inc. had an annual average earning growth of 18.6% over the past 5 years.

Highlight of Business Operations:



Assets March 31, 2009 June 30, 2008

- - -



Current assets:

Cash and cash equivalents $ 31,041,738 $ 10,710,825

Securities held to maturity 17,217,593 21,073,929

Receivables, less allowances of $454,597 and $419,305

at March 31, 2009 and June 30, 2008, respectively 26,212,190 23,101,590

Inventories 38,724,987 26,981,367

Other receivables 1,567,950 1,505,162

Prepaid expenses 1,144,193 1,152,148

Income tax receivable 243,331 -

Deferred income taxes 1,637,895 1,645,955

Other current assets 867,915 610,981

- -

Total current assets 118,657,792 86,781,957



Basic earnings per share:

Income from continuing operations $0.25 $0.14

Income from discontinued operations - 0.05

- -

Net income $0.25 $0.19

= =



Diluted earnings per share:

Income from continuing operations $0.25 $0.14

Income from discontinued operations - 0.05

- -

Net income $0.25 $0.19

= =

Shares used in computing net earnings per share:

Basic 13,812,120 14,301,900

= =

Diluted 14,062,303 14,479,862

= =



Basic earnings per share:

Income from continuing operations $0.46 $0.49

Income from discontinued operations - 0.05

- -

Net income $0.46 $0.54

= =



Diluted earnings per share:

Income from continuing operations $0.45 $0.48

Income from discontinued operations - 0.05

- -

Net income $0.45 $0.53

= =



For the Three Months

Ended March 31,

2009 2008

- -

Net sales $43,506,697 $42,151,601

Income from continuing operations

before income tax expense $ 5,241,003 $ 4,133,180

Net income $ 4,041,003 $ 2,900,423



Read the The complete Report

Rating: 3.0/5 (1 vote)

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