SPS Earnings, Sales Up
May 31
00:00
2001
SPS Earnings, Sales Up
John Wolz
SPS Earnings, Sales Up
SPS Technologies Inc. reported earnings rose 13% to $11.8 million for the first quarter of 2001, while sales increased 10% to $239.2 million.
According to a company statement, in the first quarter SPS “benefited from improved demand in the aerospace and industrial gas turbine markets and contributions from acquired businesses, which resulted in increased revenues and operating earnings for the aerospace fastener business and the specialty materials & alloys segment. The impact of these improvements was partially offset by lower earnings of businesses serving the automotive, industrial and electronics markets.”
There are no comments at the moment, do you want to add one?
Write a comment