Vaisala Oyj Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 28, 2022 at 11:30 am IST
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Vaisala Oyj reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 133.3 million compared to EUR 111.5 million a year ago. Net income was EUR 16.1 million compared to EUR 15.9 million a year ago. Earnings per share was EUR 0.44 compared to EUR 0.44 a year ago. Diluted earnings per share was EUR 0.44 compared to EUR 0.44 a year ago.
For the nine months, sales was EUR 372.6 million compared to EUR 312.9 million a year ago. Net income was EUR 36.1 million compared to EUR 31.3 million a year ago. Earnings per share was EUR 1.00 compared to EUR 0.87 a year ago. Diluted earnings per share was EUR 0.99 compared to EUR 0.86 a year ago.
Vaisala Oyj is a Finland-based company engaged in the development, manufacture and marketing of observation and measurement products and services for meteorology, weather critical operations and controlled environments. The Companyâs operations are divided into two business areas. The Weather and Environment operating segment is a provider of measurement technology for weather-dependent markets and customers, such as meteorological institutes, road and rail operators, airport operators, defense forces, energy and maritime industries. The Industrial Measurements segment offers products and services to industrial customers and research institutions that operate in controlled environments and require precise measurements. The Company operates worldwide through its subsidiaries, branches and sales offices.