-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NoGyWf9XIHQjnVAXG68kW7yISg/eQ7Gumanw/csoQ79mfxL/9Au5O93/F7hRoyRi /lQBVURx2cKDwL/II2AG9A== 0001144204-09-048834.txt : 20090917 0001144204-09-048834.hdr.sgml : 20090917 20090917132837 ACCESSION NUMBER: 0001144204-09-048834 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090914 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090917 DATE AS OF CHANGE: 20090917 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AEROSONIC CORP /DE/ CENTRAL INDEX KEY: 0000109471 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 741668471 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11750 FILM NUMBER: 091074090 BUSINESS ADDRESS: STREET 1: 1212 N HERCULES AVE CITY: CLEARWATER STATE: FL ZIP: 33765 BUSINESS PHONE: 727-461-3000 MAIL ADDRESS: STREET 1: 1212 N HERCULES AVE CITY: CLEARWATER STATE: FL ZIP: 33765 8-K 1 v160608_8k.htm Unassociated Document
 
 
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): September 14, 2009
 
AEROSONIC CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
1-11750
74-1668471
State or other jurisdiction of
incorporation or organization
(Commission File Number)
(I.R.S. Employer
Identification No.)
 
1212 North Hercules Avenue
Clearwater, Florida 33765
 (Address of principal executive offices and Zip Code)
 
(727) 461-3000
 (Registrant’s telephone number, including Area Code)
 
Not applicable
 (Former name, former address and former fiscal year, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
 
Pre-commencement communications pursuant to rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 
(a)
On September 14, 2009, Aerosonic Corporation (“Aerosonic”) issued a press release announcing its second quarter results.  A copy of this press release is attached hereto as an exhibit and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits 

(d)
Exhibits
 
99.1
  Press Release of Aerosonic dated September 14, 2009, announcing its second quarter results.
 

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
AEROSONIC CORPORATION
 
       
Dated: September 17, 2009
By:
/s/ Kevin J. Purcell 
 
   
Kevin J. Purcell 
 
   
Executive Vice President and Chief Financial Officer 
 
       
 

 

Exhibit Number
Description
 
Exhibit 99.1
Press Release of Aerosonic dated September 14, 2009, announcing its second quarter results.
 
 

EX-99.1 2 v160608_ex99-1.htm Unassociated Document
Exhibit 99.1
 
Contact
Kevin J. Purcell
727-461-3000
 
 
For Immediate Release
Aerosonic Reports Second Quarter Results

CLEARWATER, Fla. -- September 14, 2009 - Aerosonic Corporation (NYSE AMEX:AIM), a leading supplier of precision flight products for commercial, business and military aircraft, announced that today it filed its quarterly report on Form 10-Q for the quarter ended July 31, 2009, with the United States Securities and Exchange Commission.
 
Three Months Ended
(Unaudited)
 Six Months Ended
 (Unaudited)
     
 
July 31, 2009
 
August 1, 2008
July 31, 2009
 
August 1, 2008
Revenues
  $ 8,114,000     $ 5,962,000     $ 16,888,000     $ 12,613,000  
Gross profit
    3,163,000       2,040,000       6,473,000       3,443,000  
Operating income (loss)
    1,004,000       (255,000 )     2,745,000       (486,000 )
Net income (loss)
    556,000       (234,000 )     1,931,000     $ (470,000 )
Earnings (loss) per share
                   
Basic
  $ 0.15     $ (0.06 )   $ 0.53     $ (0.13 )
Diluted
  $ 0.14     $ (0.06 )   $ 0.51     $ (0.13 )

Net sales for the second quarter of fiscal year 2010 increased $2,152,000, or 36%, to $8,114,000 when compared to $5,962,000 for the second quarter of fiscal year 2009. On a year to date basis, net sales were $16,888,000 during the first six months of fiscal year 2010, an increase of $4,275,000, or 34%, when compared to $12,613,000 for the first six months of fiscal year 2009. The increase in sales for the respective periods was primarily the result of increased productivity across several product lines, including our transmitter product line. We were successful in stabilizing manufacturing processes and improving upon critical manufacturing and planning processes.

Gross profit increased from 34% for the second quarter of fiscal year 2009 to 39% for the second quarter of fiscal year 2010. On a year to date basis, gross profit increased from 27% for the first six months of fiscal year 2009 to 38% for the first six months of fiscal year 2010. The three month comparative increase in gross profit percentage, as well as the year to date comparative increase in gross profit percentage, is primarily attributable to the improvement in operational performance across several product lines.

The Company reported net income for the quarter ended July 31, 2009 of approximately $556,000, or $0.15 basic and $0.14 diluted earnings per share, versus a net loss of approximately ($234,000), or ($0.06) basic and diluted loss per share for the quarter ended August 1, 2008. For the six months ended July 31, 2009, the Company reported net income of approximately $1,931,000, or $0.53 basic and $0.51 diluted earnings per share, versus a net loss of approximately ($470,000), or ($0.13) basic and diluted loss per share for the six months ended August 1, 2008.

“The primary difference between last year’s quarterly results and the quarter just completed is our increasingly capable Operations team led by COO Tom Cason. While we have further work to do, our team is beginning to build consistency and momentum while demonstrating the dedication to improvement that our customer’s expect,” noted Doug Hillman, President and CEO.

Aerosonic Corporation, headquartered in Clearwater, Florida, is principally engaged in the manufacture of aviation products. Locations of the Company include Clearwater, Florida and Earlysville, Virginia. For additional information, visit the Company’s website at www.aerosonic.com.

This document contains statements that constitute "forward-looking" statements within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. "Forward-looking" statements contained in this document include the intent, belief or current expectations of the Company and its senior management team with respect to future actions by officers and directors of the Company, prospects of the Company's operations, profits from future operations, overall future business prospects and long term stockholder value, as well as the assumptions upon which such statements are based.
 

 
Investors are cautioned that any such forward-looking statements are not guarantees of future performance, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors that could cause actual results to differ materially from those contemplated by the forward-looking statements in this document include, but are not limited to, adverse developments involving operations of the Company's business units, failure to meet operating objectives or to execute the business plan, and the failure to reach revenue or profit projections. The Company undertakes no obligation to update or revise the forward-looking statements contained in this document to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time.

 

-----END PRIVACY-ENHANCED MESSAGE-----