Measurement Specialties Inc

Measurement Specialties Inc. Reports Operating Results (10-Q)

Overall, the Company expects moderate double-digit sales growth during 2012 as compared to 2011 with sales ranging from $311,000 to $317,000. We believe the majority of the improvement in our sales is due to improved overall demand and increased market penetration. A significant portion of our sales are driven by overall economic activity and not necessarily conditions in one particular industry, reflecting our high degree of geographic, industry and product diversity. In future periods, we expect the sensor market will continue to perform well relative to the overall economy as a result of the increase in sensor content in various products across most end markets in the U.S., Europe and Asia. Sensor content continues to increase at a faster rate than overall product unit growth, as OEMs add “intelligence” in products across most market verticals to promote improved energy efficiency and cleaner technologies, to meet regulatory compliance requirements and to improve user safety and convenience.

In addition to the margin exposure as a result of the depreciation of the U.S. dollar relative to the RMB, the Company also has foreign currency exchange exposures related to balance sheet accounts. When foreign currency exchange rates fluctuate, there is a resulting revaluation of assets and liabilities denominated and accounted for in foreign currencies other than the subsidiary s functional currency. Foreign currency exchange (“fx”) losses or gains due to the revaluation of local subsidiary balance sheet accounts with realized and unrealized fx transactions increased sharply in recent years, because of, among other factors, volatility of foreign currency exchange rates. For example, our Swiss company, which uses the Swiss franc as its functional currency, holds cash denominated in foreign currencies (U.S. dollar and Euro). As the Swiss franc appreciates against the U.S. dollar and/or Euro, the cash balances held in those denominations are devalued when stated in terms of Swiss francs. These fx transaction gains and losses are reflected in our “Foreign Currency Exchange Gain or Loss.” Aside from cash, our foreign entities generally hold receivables and payables in foreign currencies. We recorded net fx losses of $439 in 2011 and net fx gains of $987 in 2010. During the three months ended June 30, 2011, the Company recorded net fx losses of $399 .The Company s operations outside of the U.S. and the volume of business denominated in other currencies have expanded over the years from acquisitions. We expect to see continued fx losses or gains associated with volatility of foreign currency exchange rates.

Measurement Specialties, Inc. (MEAS) Announces Quarterly Results ...

Measurement Specialties, Inc. (MEAS) announced its quarterly results on Wednesday. The company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.02. The company’s quarterly revenue was up 25.1% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research downgraded shares of Measurement Specialties, Inc. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, July 4th. Also, analysts at Needham & Company raised their price target on shares of Measurement Specialties, Inc. from $32.00 to $37.00 in a research note to investors on Thursday, May 5th. They now have a “buy” rating on the stock.

Shares of Measurement Specialties, Inc. (MEAS) traded up 1.13% during mid-day trading on Wednesday, hitting $31.34. Measurement Specialties, Inc. (MEAS) has a 52 week low of $13.87 and a 52 week high of $38.98. The stock’s 50-day moving average is $33.82 and its 200-day moving average is $32.40. The company has a market cap of $471.4 million and a price-to-earnings ratio of 16.84.

Measurement Specialties, Inc. is engaged in the design, development and manufacture of sensors and sensor-based systems for original equipment manufacturers (OEM) and end users, based on a portfolio of technology and typically characterized by the micro-electromechanical systems (MEAS) brand name. The majority of the Company’s sensors are devices, sense elements and transducers that convert physical or mechanical information into a proportionate electronic signal for display, processing, interpretation or control. The Company’s sensor products include pressure sensors and transducers, linear/rotary position sensors, piezoelectric polymer film sensors, custom microstructures, load cells, accelerometers, optical sensors, humidity, temperature and fluid property sensors. Its sensors are used for engine and vehicle, medical, general industrial, consumer and home appliance, military/aerospace, and test and measurement applications.

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