As the end of the first quarter and onslaught of earnings news approaches, you can usually see the slowdown in press release manufacturing at companies.
However, not all companies are preparing to unveil the financial results of the first quarter. Take Harleysville-based Met-Pro Corp. which released results for its fourth quarter and full year ended Jan. 31. (Here is a link to a PDF file of those results.)
Annual sales of the maker of pollution control and other environmental equipment topped $100 million compared with $88.9 million for the previous year. Net income was $7.1 million, or 48 cents per share, vs. $6.1 million, or 42 cents per share, for the year ended Jan. 31, 2011.
Met-Pro reported net income of $2.1 million, or 15 cents per share, on net sales of $28.4 million for its fourth quarter. Those net sales were up 19 percent, while net income was up 22 percent and EPS up 25 percent over the year-ago quarter.