Selling, general and administrative expenses (SG&A) were $7.8 million for the second quarter of 2010, down from $7.9 million for the year ago quarter. Aerostructures segment SG&A for the second quarter of 2010 was $5.9 million, down from $6.1 million in the second quarter of 2009. Engineering Services segment SG&A was $1.9 million in the second quarter of 2010, unchanged from the prior year.Net interest expense was $167,000 in the second quarter of 2010 compared to $413,000 the prior year due to lower debt levels and the continued favorable interest rate environment. The effective income tax rate for the second quarter of 2010 and 2009 was 36.5 percent and 36.4 percent, respectively.
LMI Aerospace Announces Second Quarter 2010 Results
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