Ladish Posts 77% Surge in Q1 Net Income; Beats on Revs, EPS

Financial News Network
April 25, 2011 AT 3:47 PM
Ladish (LDSH) today reported Q1 sales rising 15% and sending net income by 77% over the same period last year.Sales were $114.1 million versus $98.9 million in the first quarter of 2010. Quarterly net earnings were $9.4 million, resulting in per share net income of $0.60, versus net income of $5.3 million, or $0.34 per share, in the same period last year, the company said. Analysts had expected $0.39 earnings per share and revenues of $108.3 million, according to a poll by Thomson Reuters. Shares are up 1.03% to $56.01.