May 14, 2007
Timing right for Hopkinton co.
By Matthew L. Brown
Valpey-Fisher Corp. of Hopkinton reported first quarter net earnings of $280,000, a nearly eightfold increase over the $33,000 in earnings the company reported for the same period a year ago.
According to Michael J. Ferrantino, the company's president and CEO, the improved performance is due to "our strategy to move our company away from commodity products."
Valpey-Fisher makes precision timing devices.
The company also reported gross profit for the quarter of $1.3 million, an operating income of $276,000, and net sales of $370,000, an increase of 13 percent over the first quarter of 2006.
According to Michael J. Ferrantino, the company's president and CEO, the improved performance is due to "our strategy to move our company away from commodity products."
Valpey-Fisher makes precision timing devices.
The company also reported gross profit for the quarter of $1.3 million, an operating income of $276,000, and net sales of $370,000, an increase of 13 percent over the first quarter of 2006.
WBJ Web Partners
Most Recent
Most Recent
0 Comments