Spectrum Control Reports Fourth Quarter Revenue Up 25% YoY

Spectrum Control, Inc. SPEC today reported results for the fourth quarter and fiscal year ended November 30, 2010. For the fourth quarter of fiscal 2010, the Company reported net income of $3.3 million or 25 cents per diluted share on sales of $42.7 million, compared to net income of $2.1 million or 17 cents per diluted share on sales of $34.1 million for the same period last year. For the fiscal year 2010, the Company had net income of $12.8 million or $1.00 per share ( 98 cents diluted ) on sales of $163.9 million. In fiscal year 2009, the Company had net income of $8.6 million or 68 cents per share ( 67 cents diluted ) on sales of $132.3 million.
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