Unova Inc. of Everett on Thursday reported first-quarter earnings of $10.5 million, or 17 cents a share, compared with a net loss of nearly $15 million for the same period in 2003. The Intermec Technologies division, also based in Everett, generated the positive results by posting an operating profit of $28 million, compared with a $5.3 million loss for Unova’s industrial division. The company plans to discuss its quarterly results in detail during a conference call this morning.
Bothell-based SonoSite Inc., a maker of hand-carried ultrasound machines, lost $1.4 million, or 10 cents a share, during the first quarter. The loss compares with a $2.6 million loss in the same quarter of 2003. Despite the loss, the company’s revenue grew 37 percent over last year’s first quarter, thanks to sales growth in the European, Japanese and U.S. markets. International sales increased by 60 percent. As of March 31, SonoSite reported $64 million in cash and investment reserves.
The parent company of Whidbey Island Bank will pay shareholders a quarterly dividend of 7.25 cents a share. Washington Banking Co. will pay the dividend on May 25 to shareholders of record as of May 10. The bank paid a 15 percent stock dividend in February and a 7-cent cash dividend in November.
Cascade Financial Corp. chief executive Carol Nelson and chief financial officer Lars Johnson will speak to investors at the D.A. Davidson &Co. Financial Services Conference at the Bell Harbor International Conference Center, 2211 Alaskan Way, Seattle, at 8:45 a.m. Wednesday. The presentation will be carried live over the Internet on the bank’s Web page, www.cascadebank.com.
Goodrich earnings
rise 56 percent
Goodrich Corp. said Thursday its first-quarter earnings rose 56 percent, helped by foreign currency differences and beefed-up demand for military and space products and commercial aircraft equipment. The Charlotte, N.C.-based aircraft parts maker, which has an aircraft maintenance division in Everett, reported net income of $45.9 million, or 38 cents a share. That’s up from $29.4 million, or 25 cents a share, in the same quarter of 2003. Analysts surveyed by Thomson First Call had expected 36 cents a share.
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