First quarter 2010 revenues of $463.5 million declined by $60.2 million, or 11.5%, as compared with first quarter 2009 revenues of $523.7 million. The $60.2 million decrease in consolidated revenues was due to a lower level of demand for consumables and business jet products. First quarter 2010 operating earnings of $72.0 million declined 10.8% as compared with the first quarter of 2009. Operating margin of 15.5% expanded 10 basis points in spite of the lower level of revenues. First quarter 2010 net earnings were $33.8 million or $0.34 per diluted share.
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Please contact
Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada