- Forged Components Group (“Forge Group”) net sales were $22.7 million, compared with $15.7 million in the comparable 2011 period. The Forge Group’s results for the first quarter of fiscal year 2012 include the results of Quality Aluminum Forge, LLC from October 28, 2011, the date of the acquisition of this business.
- Turbine Components Services and Repair Group net sales decreased by $0.4 million, to $2.0 million, compared with $2.4 million in the comparable 2011 period.
- Applied Surface Concepts Group net sales increased $0.5 million, to $3.8 million, compared with $3.3 million in the comparable 2011 period.
|First Quarter Ended December 31, 2011|
|(Amounts in thousands, except per share data)|
|Consolidated Condensed Statements of Operations|
|Ended December 31,|
|Cost of goods sold||22,045||16,421|
|Selling, general and administrative expenses||3,969||3,176|
|Amortization of intangible assets||815||57|
|Interest (income) expense, net||87||(2)|
|Foreign currency exchange (gain) loss, net||(22)||4|
|Other income, net||(117)||(117)|
|Income before income tax provision||1,733||1,857|
|Income tax provision||547||651|
|Net income per share:|
|Weighted average number of common shares (basic)||5,299||5,259|
|Weighted average number of common shares (diluted)||5,325||5,290|