ETC’ 293% boost in gov’t sales boosts 2Q
A 293 percent increase in U.S. government sales was one of the reasons cited for Environmental Tectonics Corp.'s second-quarter 2011 results showing an increase in net income.
A 293 percent increase in U.S. government sales was one of the reasons cited for Environmental Tectonics Corp.'s second-quarter 2011 results showing an increase in net income.
The Southampton maker of flight and driving simulators and other devices said government contracts in the quarter ended Aug. 27 were $6.59 million, compared with $1.68 million in the comparable 2010 quarter.
Total sales were $13.24 million, compared with $9.86 million.
Net income was $1.67 million (8 cents a share), over $1.25 million (6 cents a share) in the comparable period. - Roslyn Rudolph
Stan Choe, Associated Press
Ryan Mac, New York Times
Ana Swanson, New York Times
Julie Z. Weil, Washington Post
Caitlin Reilly, Bloomberg
Colby Smith and Ben Casselman, New York Times
Andrea Sachs, Washington Post
Jeff Green and Emily Flitter, Bloomberg
Anne D'Innocenzio, Associated Press
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