iRobot Net Climbs 52 Percent in Fourth Quarter
February 10, 2012,
BEDFORD, Mass.-iRobot ended its fiscal year on a high note with a 52 percent jump in fourth-quarter net income, to $10.6 million.
Strong sales, especially in home robots such as the Roomba line of vacuums, and a careful watch on expenses boosted the company's results for the quarter, which ended on Dec. 31. Total revenues were up 15 percent to $130.8 million, including a 19 percent rise in product revenues. Operating expenses, while increasing 8.1 percent in dollars, fell back 192 basis points as a percentage of sales to 31.4 percent.
Looking ahead to this fiscal year, Colin Angle, iRobot's chairman and CEO, said he expected the strength shown by home robots to continue.
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money