Brush Engineered Materials Inc. Reports Fourth Qua
Sales for the fourth quarter were $196.3 million, down 19% or $44.6million, compared to fourth quarter 2007 sales of $240.9 million. Lowershipments of the Company’s ruthenium-based materials for the mediamarket negatively affected sales for the quarter by $26.7 million or 11%compared to the fourth quarter of the prior year. For the year, saleswere $909.7 million, down 5% compared to 2007. The lower shipments tothe media market negatively affected sales for the year by $141.8million or 15%. Stronger sales to the wireless photonics, medical, thinfilm services, solar, photovoltaic, undersea and oil and gas marketshelped to offset the significant decline in media sales....
Beryllium and Beryllium Composites
Beryllium and Beryllium Composites’ sales for the fourth quarter of 2008were $17.9 million, up 36% compared to 2007 fourth quarter sales of$13.2 million. Sales for 2008 of $63.6 million were up $3.1 million, or5% compared to last year. Operating profit for the fourth quarter was$3.3 million versus $1.1 million for the fourth quarter of 2007.Operating profit for 2008 was $8.4 million, as compared to operatingprofit of $7.8 million for 2007.
Beryllium and Beryllium Composites’ higher sales volume and relatedoperating profit for the fourth quarter and year were due to strongersales in defense including optical systems (FLIR systems) and militarysatellites and nuclear reactors. Medical and industrial x-ray andacoustic speaker product applications slowed down due to the economicdownturn in the fourth quarter. Defense applications have continued toremain strong into the first quarter of 2009.
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