Imation Corp has reported its financial results for the first quarter ending31 March 2005. First quarter revenues were $325.2 million compared with first quarter 2004 revenue of $339.3 million. Gross profit margin of 26.2 per cent is compared with gross profit margin of 27.6 percent and 22.9 percent for the first and fourth quarters of 2004 respectively.
Fully diluted EPS from continuing operations of $0.94 in Q1 2005 includes a $0.35 per share benefit due to the favourable resolution of a US tax matter. This compares with fully diluted EPS from continuing operations of $0.60 in Q1 2004. Cash flow from operations totalled $11.9 million in the quarter and total cash and liquid investments totalled $430.5 million compared with $439.6 million at year-end 2004.
25-Apr-2005
