Magnetek (MAG) Tops Q2 EPS by 2c
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Magnetek Announces Second Quarter Fiscal 2015 Results
August 4, 2015 6:45 AM EDTQ2 Highlights
Q2 net sales of $28.3 million increased 5% from the prior year second quarter, due to higher sales into material handling markets. Q2 gross margin improved to 36.7% of sales, up 70 basis points over prior year Q2 gross margin of 36.0% of sales. Earnings per share from continuing operations increased 18% to $.87 per share, compared to $.74 per share in Q2 last year.MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Magnetek, Inc. (Magnetek or the Company, NASDAQ: MAG) today reported the results of its second quarter of fiscal... More
