Sono-Tek Corporation posted a 10% increase in net sales to $5.66 million and an 86% rise in operating income to $897,000 for Q1 fiscal 2027, driven mainly by strong demand in the medical sector. Gross margin expanded to 57%, reflecting a favorable product mix and higher-value system shipments. The company expects continued revenue growth in the first half of fiscal 2027, supported by medical demand and production system shipments, while full-year revenue is projected to be flat to modestly higher due to shipment timing uncertainties. Sono-Tek maintains a strong balance sheet with $16.65 million in cash and no debt, positioning it well for future growth.
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Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
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