Scan-Tron’s Net Income Rises 31% in 3rd Quarter
Scan-Tron Corp., the Tustin company that publishes standardized test-scoring forms and manufactures the scoring equipment, said that net income for its fiscal third quarter ended March 31 was $421,000, up 31% from $321,000.
Sales for the quarter totaled $5.7 million, up 36% from $4.2 million for the comparable period in fiscal 1985.
The company, which just last month consolidated its Santa Ana, Carson and Long Beach facilities at a new corporate headquarters, manufacturing plant and printing operation in Tustin, said that net income for the first nine months was $1.6 million, a 28% increase from $1.3 million. Sales for the nine months were $17.9 million, up 38% from $13 million. Scan-Tron employs 335 workers.
“Our performance for the quarter reflects strong sales of Scan-Tron’s standard test-scoring forms, as well as significant gains in placements of test-scoring equipment at all grade levels,” said John T. Saunders, president and chief executive officer.
In addition to test forms and scoring equipment for schools, Scan-Tron makes systems that tally hospital menu orders.
In light over-the-counter trading Wednesday, Scan-Tron’s common stock closed at $20.75 per share, up 25 cents.