|
|
Article: Bolt Technology Reports First Quarter Results; Record Earnings Continue for Seventh Consecutive Quarter.(Financial report)
- Article from:
- Business Wire
- Article date:
- October 24, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NORWALK, Conn. -- Bolt Technology Corporation (AMEX:BTJ) today announced financial results for the first quarter of fiscal year 2008, the three months ended September 30, 2007.
Sales for the first quarter of fiscal 2008 increased 53% to $15,261,000 compared to $10,001,000 in last year's first quarter and net income increased 73% to $3,455,000 or $0.60 per diluted share compared to $2,002,000 or $0.35 per diluted share last year.
Raymond M. Soto, Bolt's chairman, president and CEO, commented, "Our financial results for the first quarter of fiscal 2008 reflect the continuing high levels achieved during fiscal 2007. Our net income of $3,455,000 for the ...