Tufco Technologies Q3 FY'13 sales down 12.9%

For the first nine months of fiscal 2013, sales were $77,335,000, compared to $78,344,000 for the first nine months of fiscal 2012. 

Net income per diluted share for the third quarter of fiscal 2013 was $0.20 per share compared to a net income per diluted share of $0.15 for the third quarter of fiscal 2012. For the first nine months of fiscal 2013, net income per diluted share was $0.40 per share compared to a net loss per diluted share of $0.11 for the first nine months of fiscal 2012.

In commenting on the results, Jim Robinson, Tufco’s President and CEO said, “The Company had lower sales volumes in the third quarter and first nine months of fiscal 2013 compared to the same periods of fiscal 2012. We achieved improved profitability in the first nine months of fiscal 2013 over the same period in fiscal 2012. Management has an ongoing focus to increase sales and reduce operating costs at both our Green Bay and Newton operations.”

“Additionally, we continue to reduce borrowings under our credit facility and have reduced bank debt by over $5,000,000 in the last nine months,” he concluded.

Tufco, headquartered in Green Bay, Wisconsin, has manufacturing and warehousing operations in Wisconsin and North Carolina.

Click here to read full results

Tufco Technologies