More Top Picks Adhd Reading Apps And Tools That Actually Help
player ready...AM International Inc. reported net income of $173,000, or 2 cents a share, for its fiscal third quarter, ended April 29, down 93 percent from net income of $2.6 million, or 38 cents a share, in the year-earlier period.
The Rosemont-based company, which sells and services printing, mailroom and bindery equipment as well as services and supplies to the graphics industry, said sales in the quarter were flat, $127.7 million versus $127.8 million a year earlier.
For the nine months, net income totaled $728,000, or 10 cents per share, on revenues of $366.8 million. Results for the year-earlier period are not comparable due to a 1993 reorganization.
The company said competitive pressures and a shift toward selling more non-manufactured products have led to lower gross margins.