Electronic security products maker CompuDyne Corp. posts a slight rise in first-quarter profits and re-iterates its profit forecast of 72 cents per share for the full year.
The company reports profits of $808,000, or 14 cents per diluted share, up from $803,000, or 13 cents a share, in the same period in 2000. Revenue was $29.9 million in the quarter, down from $30.1 million a year ago. Research firm Thomson Financial/First Call had no estimates for CompuDyne results.
“While the first quarter is always our slowest, we exceeded our internal expectations,” says Martin Roenigk, CEO. “We believe that, based on the business we see in our $104 million backlog and our prospects pipeline, 2001 will be another record year.”
