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Cantel Medical reports income growth

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Little Falls-based Cantel Medical Corp. announced Thursday its net income rose for its third quarter that ended on April 30.

According to the announcement, the company reported net income of $10.25 million, or 25 cents per share, on sales of $120 million, which was a 14 percent increase in sales.

This compares with net income of $8.99 million, or 22 cents per share, on sales of $105 million for the same period last year.

"We are pleased to have delivered record sales and solid earnings performance in the third quarter,” Andrew Krakauer, Cantel's president and CEO, said in a statement. “All three of our major segments had good sales and profit growth. These positive results confirm the continued success of our strategic approach to growth, which includes investing in new product development, sales and marketing programs and acquisitions."


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Emily Bader

Emily Bader

Emily Bader is the Web Editor and Social Media Coordinator at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com.

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