Cantel Medical Q4 Profit Up;optimistic About Prospects To Grow Profits In FY15

(RTTNews) - Cantel medical corp. (CMN) reported that its net income for the fourth quarter ended July 31, 2014 grew to $10.71 million or $0.26 per share, from $10.21 million or $0.25 per share in the fourth quarter ended July 31, 2013. Analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

The latest-quarter result included $0.02 for charges related to acquisition and CFO retirement costs.

Quarterly sales grew to $131.38 million from $113.97 million in the previous year.

Looking ahead, the company said it is optimistic about its prospects to grow sales and increase profits in fiscal year 2015. It expects to benefit from its significant prior and ongoing investments in sales and marketing, continued progress with new products, as well as from recent and future acquisitions.