- Net sales were $57.0 million, down 15.0% from the comparable quarter in fiscal 2012, reflecting reduced demand within our Electronic Chemicals and Wood Treating Chemicals businesses.
- Gross profit margins increased to 27.6%, from 25.6% in the second fiscal quarter of 2012.
- Operating income declined to $3.2 million, from $4.9 million in the same period a year ago.
- Diluted earnings per share were $0.14 vs. $0.21 per share in last year’s second fiscal quarter.
- Electronic Chemicals segment operating margins (after corporate allocations) improved slightly to 6.8% vs. 6.5% in the second fiscal quarter of 2012.
- Wood Treating Chemicals segment operating margins (after corporate allocations) declined to 10.5% vs. 11.5% in last year’s second quarter.
KMG Chemicals Reports Second Quarter 2013 Financial Results
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