MFRI Announces Second Quarter Results;

MFRI, Inc. MFRI announced today sales and earnings for the quarter and six months ended July 31, 2010. Second quarter net sales increased 1.3% to $61.9 million, from $61.1 million in the corresponding quarter of the prior year; net income was $2.9 million or $0.42 per diluted share, compared to net income of $3.8 million or $0.55 per diluted share, in the prior-year's quarter. The current quarter included one-time costs of $475,000 for the closure of the South African filter operation.