Earnings Briefs

Lexington, Ky.— An 11 percent second quarter sales jump of laser and inkjet printer supplies, to $630 million, compared with a year-earlier $566 million, pushed consolidated second quarter sales at Lexmark International up 6 percent. This reached $1.12 billion, compared with $1.06 billion in the same three months in 2002. Laser and inkjet supplies revenue accounted for 56 percent of Lexmark's total revenue in the three months, up from a prior-year 54 percent. Second quarter laser and inkjet printer revenue edged up 2 percent in the period, ended June 30, hitting $400 million, compared with $394 million year-on-year. Consolidated net income for the second three months came in at $101.7 million, up 14 percent from the $89.1 million recorded year-on-year.

Fremont, Calif. — Stepping up promotional spending in its fiscal first quarter, due to weaker demand and stronger-than-expected competition, personal interface products maker Logitech International reported a sales increase, but a decrease in profit, for its reporting period, ended June 30. Sales climbed 12 percent in the three months, to $218.2 million, up from $195.1 million in the year-ago period. Operating income was $7.9 million in the first three months, down 38 percent from the $12.6 million registered in the same quarter a year ago. Net income decreased 47 percent in the first quarter, to $5.7 million, compared with $10.8 million year-on-year.