EMS Technologies, a provider of wireless communications offerings, has reported total revenues of $85m in the first quarter of 2011, compared to $82.9m for the same period last year.
For the first quarter ended 2 April 2011, the company’s gross profit and operating income increased to $31.5m and $3.6m, respectively, compared to $29.6m and $1.9m for the same quarter last year.
The company’s net income and earnings per share increased to $2.4m and $0.16 for the first quarter of 2011, compared to $0.6m and $0.04 for the previous year quarter.
Non-GAAP Adjusted EBITDA for the first quarter of 2011 was $9.5m and 27% higher than the $7.5m reported in the first quarter of 2010.
EMS Technologies president and CEO Neil Mackay said the strategic plans and market focus put in place by the Board and management team over a year ago have enabled them to achieve record-setting first-quarter profits, following up on their strong results in 2010.
"It is a great credit to the employees of EMS that they have remained focused on strong execution, cost control; and taking advantage of the many business opportunities before us," Mackay said.
