EX-99.1 2 v200852_ex99-1.htm
EXHIBIT 99.1

O.I. Corporation Announces Results for Third Quarter of 2010

College Station, Texas—November 3, 2010—O.I. Corporation (NASDAQ: OICO) today announced its results for the three months ended September 30, 2010.  These results are summarized below.

The limited information contained in this press release is not adequate information upon which to make an informed investment decision.   Accordingly, we urge investors to read our Annual Report on Form 10-K for the year ended December 31, 2009 which we filed with the Securities Exchange Commission (SEC) on March 15, 2010.  Additional information regarding our third quarter performance is available in our Quarterly Report on Form 10-Q which we filed with the SEC earlier today.  This document is available on our website at www.oico.com/oicorp and the SEC’s website at www.sec.gov.

O.I. CORPORATION
FINANCIAL HIGHLIGHTS
(in thousands, except earnings per share amounts)
   
Three Months Ended
September 30
  
   
2010
    
2009
  
Net revenues
   $ 6,434     $ 4,889  
Operating income (loss)
     887       285  
Income before income taxes
     900       293  
Provision for income taxes
     338       81  
Net income
     562       212  
                 
Basic earnings per share
     0.24       0.09  
Diluted earnings per share
     0.24       0.09  
 
 
 
 
 
Balance Sheet Data
            
   
September 30,
    
December 31,
  
 
  
2010
    
2009
  
Assets                 
Cash and investments
   $ 6,340     $ 4,614  
Accounts receivable
     5,532       4,371  
Inventories
     5,318       5,657  
Other current assets
     1,314       1,828  
Total current assets
     18,504       16,470  
                 
Long-term assets
     3,884       4,117  
Total assets
   $ 22,388     $ 20,587  
                 
Liabilities and Stockholders' Equity
                
Total liabilities
   $ 3,670     $ 2,895  
                 
Stockholders' equity:
     18,718       17,692  
Total liabilities and stockholders' equity
   $ 22,388     $ 20,587  
 
About O.I. Corporation:
O.I. Corporation, dba OI Analytical, develops, manufactures, sells, and services analytical instrumentation that detects, measures, analyzes, and monitors chemicals in liquids, solids, and gases.  Providing products used to digest, extract, and separate components of chemical mixtures, the Company designs application-specific solutions for various industries including environmental testing, defense, and petrochemical.  Headquartered in College Station, Texas, the Company's products are sold worldwide.

Visit the Company's web site at:
http://www.oico.com
Investor Relations:
Bruce Lancaster
Chief Executive Officer &
Chief Financial Officer
979.690.1711