The first quarter of 2014 looks like it'll be a banner quarter for Measurement Specialties (NASDAQ:MEAS). 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.
Fool contributor Eric Volkman has no position in Measurement Specialties. The Motley Fool owns shares of Measurement Specialties. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.