Teledyne
is the parent of Canadian camera-maker Dalsa, and having last week
commented on German competitor Basler’s results it seems only right
to do the same for the Canadians.
Unfortunately
Teledyne publish far less data than do Basler, but I can share the
big numbers: the Digital Imaging segment (Dalsa plus a few other
bits,) saw sales increase 8.7% to $102.4M and profit jump 20.9% to
$5.2M.
That
profit number concerns me, for two diametrically opposite reasons.
First, it’s not really a very good margin. Basler seems to have
higher margins, although in fairness, I find it very hard to extract
the actual numbers from their report. But second, how did they
achieve such a jump? Has there been some cost-cutting? Perhaps
becoming part of a bigger business meant some overhead could be moved
up to head office. I hope it’s that rather than someone taking the
knife to R&D.
Time,
(and the 2013 final report,) will tell.
1 comment:
Sometimes there is just a lot of spare capacity.
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