Mesa Labs Q1 revenue +1.0%; AOI up 19.5%; net income down on FX

MESA LABORATORIES INC /CO/

Total revenues $60.1M, up 1.0% YoY; core organic growth 0.4%, first positive quarter.
Operating income up 129% to $7.0M; non-GAAP AOI ex unusual items up 19.5% to $15.4M.
Net income down 40.3% to $2.8M ($0.49 diluted) on FX losses vs prior-year gains.
Repaid $8.7M debt; total net leverage ratio 1.85, below 2.0 target.
CEO Siddhartha Kadia (joined ~100 days ago) to give full-year guidance in November.

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