Kaydon Corporation Reports Q4 EPS of $0.37 vs. $0.36

Kaydon Corporation KDN today announced its results for the fourth fiscal quarter and full year ended December 31, 2010. Sales in the fourth fiscal quarter of 2010 were $105.0 million, compared to sales of $108.9 million in the fourth quarter of 2009. Net income for the fourth quarter of 2010 was $11.3 million, compared to net income of $11.4 million in the fourth quarter of 2009. Diluted earnings per share equaled $.34 in the fourth quarter of 2010 and 2009. Adjusting for the items noted above, net income was $12.2 million, or $.37 per share on a diluted basis, in the fourth quarter of 2010 compared to $10.6 million, or $.31 per share on a diluted basis, in the fourth quarter of 2009.