Gerber Scientific Inc reported a second quarter fiscal 2006 loss of $0.4 million, or $0.02 per diluted share, on revenue of $134.0 million compared with a loss of $1.1 million, or $0.05 per diluted share, on revenue of $131.4 million for the quarter ended October 31, 2004.
The second quarter fiscal 2006 loss included a substantially non-cash, pre-tax charge of $2.5 million, or $0.07 per diluted share, associated with the early extinguishment of the Company's former credit facility.
Excluding the impact of this one-time charge, the Company would have reported earnings of $1.2 million or $0.05 per diluted share for the quarter ended October 31, 2005.
Foreign currency translation had the effect of increasing revenue by $0.8 million in the second quarter of fiscal 2006 compared with the second quarter of fiscal 2005.
For the six months ended October 31, 2005, the Company reported a loss of $1.5 million, or $0.07 per diluted share on revenue of $262.7 million, compared with a loss of $0.4 million, or $0.02 per diluted share, on revenue of $259.1 million for the six months ended October 31, 2004.
Excluding the impact of the debt extinguishment charge recorded in the second quarter and the effect of a $2.3 million tax charge associated with the reversal of a deferred tax asset in the United Kingdom related to a change in tax law recorded in the first quarter, the Company would have reported earnings of $2.4 million, or $0.11 per diluted share, for the first half of fiscal 2006.
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