Pro-Dex reports Q2 EPS 66c vs. 61c last year

Reports Q2 revenue $18.7M vs. $16.8M last year. The 11% increase in revenue was primarily driven by a $7.3M increase in shipments of the company’s largest customer’s next-generation orthopedic handpiece and a $1.3M increase in CMF drivers and batteries. “We are pleased with our second quarter and year-to-date results. Additionally, as we previously announced, our three-year contract extension with our largest customer provides the foundation for our continued future growth for the next three years and beyond. We expect to complete an acquisition of a local machine shop which is also a current significant supplier of ours in the near term and, while it may not be immediately accretive to our earnings, it will secure additional capacity and manufacturing technology as we continue to grow.” said CEO Richard Van Kirk.