Perceptron Announce Record Revenues & Automotive Focus

Perceptron, Inc. has announced results for the fourth quarter and full year of its 2017 fiscal year (period ended June 30, 2017).  The Company announced fourth quarter revenue of $22.3 million, fourth quarter bookings of $18.7 million, backlog of $45.0 million.  For the 2017 fiscal year, the Company announced record revenue of $77.9 million and record bookings of $84.6 million, which represent increases of 12.7% and 23.7%, respectively, over the same periods in fiscal 2016.

David Watza, President and CEO, commented, “We are pleased to announce encouraging results for the fourth quarter of our 2017 fiscal year, which continue to reflect our performance improvement, sustained strength in our end markets, and benefits from our cost savings and efficiency efforts.  We are very proud of our team’s efforts this year as we have set a new record for annual bookings at $84.6 million, exceeding the previous record of $75.0 million set in fiscal 2008.”

“While I am very pleased with our results, I am mindful of the many opportunities available to pursue within our addressable markets.  As we continue to execute our strategic plan over the next few years, our focus remains on product development and improvement efforts for our core automotive business and its adjacent markets, as well as with our existing customers, potential new automotive customers and their suppliers.  We are confident that continued focus in these markets will provide sustainable and profitable growth opportunities.  I firmly believe that as we improve our core automotive business, the advancements we are implementing will provide Perceptron with additional heavy duty manufacturing opportunities in the future,” Watza added.

Total sales for the fourth quarter of fiscal 2017 were up $3.6 million, or 19.3%, versus the same quarter in the prior year, reflecting increases in the Americas and Asia regions, partially offset by a decrease in the Europe region.  The improvement in the Americas region was primarily due to an increase in the In-Line and Near-Line Measurement Solutions, partially offset by small decreases in the Off-Line Measurement Solutions, Value-Added Services and 3D Scanning Solutions.  The improvement in the Asia region was primarily due to increases in the Off-Line Measurement Solutions and 3D Scanning Solutions, partially offset by a decrease in the In-Line and Near-Line Measurement Solutions.  The Europe region was down due to slight decreases in all product lines.

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