Measurement Specialties Q1 2014 Net Sales Rise
The first quarter of 2014 looks like it'll be a banner quarter for Measurement Specialties . The company unveiled preliminary top-line results for the period, which reveal that it crossed the $100 million mark in both total bookings and net sales. These came in at $102.8 million and $100.9 million, respectively.
The net sales figure is $12.3 million, or 14%, higher than Q1 2013's result.
Measurement Specialties professed delight at the numbers. It quoted its CEO Frank Guidone as saying that "breaking the $100 million mark in quarterly sales is a significant milestone for the company." He added that Q2 sales should be roughly equal to that figure, and that the company maintains its top-line guidance for fiscal 2014 of $400 million-$405 million.
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