Measurement Specialties Q1 2014 Net Sales Rise

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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.

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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MEAS $0.00 Down +0.00 +0.00%
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