Cybex International, Inc., the fitness equipment manufacturer, reported sales for the second quarter fell 4.6% to $33.1 million from $34.7 million for the corresponding 2007 period. Net income nosedived 88.4% to $128,000, or 1 cent a share, from $1.1 million, or 6 cents, a year ago.


For the six months ended June 28, net sales increased to $72.9 million compared to $69.4 million for 2007. Net income was $1.4 million, or 8 cents a share, compared to net income of $2.2 million, or 12 cents, for 2007.


John Aglialoro, chairman and CEO stated, “Through timely management of production and expenses, CYBEX achieved a modest profit in a difficult sales quarter. Although the U.S. and world economic conditions continue to be a concern, the fitness industry appears to be performing relatively well and the sales order rate at CYBEX began to improve at the end of Q2. We remain confident that our strategy of emphasizing new products and expanding markets, combined with a continued focus on cost savings and manufacturing efficiencies, will promote both increased long-term sales and earnings growth.”