D&M Reports Strong Numbers

D&M Holdings recently reported revenue for fiscal year 2006 ended March 31 of $855 million, a 12 percent increase over 2005 results. The company also reported operating profits of $49 million for the fiscal year, 60 percent higher than last year, and net income of $25 million, a 22 percent increase over last year.

D&M’s outlook for fiscal year 2007 ending March 31, 2008 is $952 million in revenue, an operating profit of $56 million and net income of $29 million.

Beginning this fiscal year, the company is changing its business segments for reporting purposes to focus on two new segments: Consumer AV and Commercial AV. Those replace the previous segments of Premium AV and Digital Network. The Digital Network segment included the Rio line of MP3 players, which the company has dropped.