25 January 2007 — Oakdale (MN): Oakdale (MN): Imation has posted Q4 revenue of $459 million, up 34 percent compared with $343.0 million in Q4 2005.
The company attributes the growth to flash media products and the Memorex acquisition, which closed during Q2.
Operating income for the quarter was $32 million, a rise of 30 percent compared to $24.6 million a year earlier.
Diluted EPS from continuing operations were $0.69, up 33 percent from $0.52 in Q4 2005.
Frank Russomanno, acting CEO, president and COO, said: "Our fourth quarter was a strong finish to a successful year, arguably one of the most successful in Imation’s ten year history. We demonstrated our ability to grow profitably through a strategic acquisition with Memorex and building on our portfolio of brands."