Trex Medical slumps further in first quarter:
This article was originally published in Clinica
Trex Medical, the digital X-ray and mammography subsidiary of Thermo Electron which was put up for sale by the parent company two weeks ago, reported an increased loss in the first quarter. Sales were down dramatically on the same quarter in the previous year, from $64.9 million to $43.9 million. Its loss increased from $1.5 million to $6.9 million. A small part of the loss was represented by restructuring costs, although the benefits of a $14 million cost reduction in the quarter were outweighed by the precipitate sales decline.