Scan-Tron Corp. said it posted record earnings for the fiscal year and fourth quarter on strong sales of academic test forms and scoring machines.
Full-year net income hit $2.8 million, up 29% from the $2.2 million posted for fiscal 1985. Revenue for the year ended June 30 was up 32% to $25.7 million from $19.5 million last year.
The Tustin company said its fourth-quarter net income rose to $1.2 million from $903,000. Revenue was $7.8 million, up from $6.6 million.
John T. Saunders, Scan-Tron's president and chief executive, attributed much of the sales growth in scoring equipment to purchases by elementary schools and schools at all levels with smaller student populations. Sales of the company's hospital menu tallying equipment--a small but fast-growing aspect of Scan-Tron's business--also contributed to the record earnings, he said.