DALLAS, Aug. 27, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Gerber Scientific Inc. (NYSE:GRB). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Gerber Scientific Inc. (GRB), through its subsidiaries, develops, manufactures, distributes and services automated equipment and software worldwide. The Company operates three segments: Sign Making and Specialty Graphics; Apparel and Industrial and Ophthalmic Lens Processing. The Sign Making and Specialty Graphics segment consists of the Gerber Scientific Products (GSP), Spandex and Gerber Innovations. The Apparel and Industrial operating segment markets its products, through the Gerber Technology (GT) business unit. The Ophthalmic Lens Processing segment operates, through Gerber Coburn (GC). Gerber operates manufacturing facilities in the United States, Canada, the United Kingdom, Denmark and China, and maintains sales, distribution and service operations in over 25 countries. On November 25, 2009, the Company acquired Yunique Solutions Inc. In September 2009, Gerber sold ND Graphics, a Canadian business unit of Gerber Scientific Products.
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In the report, the analyst notes:
"Reported revenue increased 8.2% to $118.3 million from $109.4 million driven by volume improvements and $0.6 million of license revenue. Unfavorable foreign currency impacts decreased revenue by approximately $3.4 million, or 3.2%.
"GRB's profit almost tripled for its fiscal first quarter largely due to foreign exchange swings as revenue rose slightly. The Company said it has identified ways to cut costs that should help its results in the second half."
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