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Analysts International Corp. Reports Fourth Quarter and Fiscal Year 2011 Financial Results

Analysts International Corp. News Release (02/23/12)

Analysts International Corp. has announced financial results for the fourth quarter and fiscal year 2011 ended on Dec. 31, 2011. AIC reported fourth quarter revenue of $27.1 million as compared with 2010 fourth quarter revenue of $25.3 million. AIC reported a 2011 fourth quarter net income of $1.3 million as compared with a 2010 fourth quarter net income of $0.9 million.

For fiscal year 2011, AIC reported revenue of $109.1 million compared with $106.7 million in fiscal year 2010. The net income for fiscal 2011 was $3.3 million, compared with a net loss of $0.5 million in the prior year. The fiscal 2011 net income included restructuring charges related to severance and office closures of $0.8 million. Excluding these charges, the company’s net income was $4.1 million in fiscal 2011.