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Wednesday April 22, 7:08 pm Eastern Time
Cade says expects to improve profit margins
OKEMOS, Mich., April 22 (Reuters) - Cade Industries Inc. said Wednesday it expects to improve its net income margins further this year as it continues to cut costs, increase productivity and boost revenues.
While reporting first-quarter results, the aerospace and air transport supplier said net income margins increased to 4.2 percent from 3.8 percent in the same period last year because of reduced costs and increased productivity.
First-quarter earnings rose 95 percent to $918,000, or $0.04 a diluted share, compared with $471,000, or $0.02 a share, in the same period last year. Sales rose 77 percent to $21.9 million from $12.4 million in 1997.
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