Global revenue reached $523 million, compared to $528 million last year. For the third quarter of fiscal 2010, the company reported record net earnings of $64.1 million, a slight increase compared to net earnings of $64.0 million for the third quarter of fiscal 2009. Diluted earnings per share increased 3.0%,reaching $0.69,compared to 0.67 for the prior year quarter.
Product margins improved across all business segments. Operating margin reached 18.9% vs 18.8% last year. This operating margin increase was due to higher product margin in all segments and SG&A leverage resulting from strong expense management. Cash increased to $345 million, compared to $237 million last year.
Product margins improved across all business segments. Operating margin reached 18.9% vs 18.8% last year. This operating margin increase was due to higher product margin in all segments and SG&A leverage resulting from strong expense management. Cash increased to $345 million, compared to $237 million last year.
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