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Article Date: February 2012
Word Count: 122

Cybex International Turns Q4 Profit as International Sales Rise 20%


Helped by a $30.1 million reduction in litigation charges, fourth quarter net income came in at $34,709,000 against a loss of $57,113,000 for the period ended Dec. 31. Revenues rose 8% to $43,075,000 from $39,938,000 as international sales spiked 20% and domestic sales increased 3%. The gross margin percentage dipped 160 b.p. in Q4 to 36.9% from 38.5%.

 

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