Kreisler Manufacturing Corporation (OTCPink: KRSL.PK) reported net sales for its second quarter ended December 31, 2011 increased 35.77% to $8.89 million compared to net sales of $6.55 million for the second quarter of fiscal 2011. For the first six months of fiscal 2012, net sales increased 29.6% to $17.54 million versus net sales of $13.53 million for the first six months of fiscal 2011.
Net income for the second quarter of fiscal 2012 came in at $156 thousand or $0.08 per share compared to a net loss of $306 thousand or $(0.16) per share for the second quarter of fiscal 2011. For the first six months of fiscal 2012, the company posted net income of $104 thousand or $0.06 per share versus a net loss of $234 thousand or $(0.13) per share for the first six months of 2011.
As of December 31, 2011, the balance sheet reflected current assets of $14.41 million, total assets of $21.25 million, current liabilities of $7.02 million and total liabilities of $7.5 million. During the first six months of fiscal 2012, stockholders’ equity slipped 3.5% to $13.75 million.
Kreisler Manufacturing Corporation manufactures precision tube and pipe assemblies and manifolds for the aerospace and industrial gas turbine industries.
Source: Kreisler Manufacturing Corporation