Edmund Optics Announces SALES Growth
October 1, 2006
BARRINGTON, NJ-In its annual report to shareholders, Edmund Optics (EO) reported 13 consecutive quarters of year-on-year sales growth. The latest quarter marked a 10.6% increase in consolidated revenue in 2005 and a 5% improvement in profitability.
Edmund CEO, Robert Edmund says, “This remarkable three-year performance of continuous growth demonstrates the stability of EO in the competitive and fast-moving optics industry. Furthermore, we have invested in the future to continue this growth trend.”
With new sales offices, distribution centers and manufacturing facilities throughout the world, Edmund’s extensive global inventory totals more than $12 million with more than 11,000 unique SKUs.
Edmund reported a 113.9% increase in research and development expenses, with significant advances in LED illumination technology, large-format imaging lenses and precision-reflective microscope objectives. The company also stated significant investments in its global manufacturing equipment, with specific emphasis on aspheric generation and polishing in order to supply both standard and custom aspheres for a variety of markets including the U.S. military.
Edmund’s new Shenzhen, China, manufacturing and design center will play a greater role in 2006 as the company continues to expand its own line of opto-mechanical assemblies and illumination devices.