Wednesday, May 14, 2008

Tufco second earnings quadruple

By Joel Dresang
Milwaukee Journal Sentinel

Citing payoff from efforts to increase operating efficiency, wipes manufacturer Tufco Technologies Inc. of Green Bay reported increased second-quarter earnings Tuesday.

Net income grew to $191,000, or 4 cents a share, from $47,000 or 1 cent, in second quarter 2007. Sales increased by 7% to $29.6 million from $27.6 million.

Through the first six months of Tufco’s fiscal year, net income rose to $231,000 or 5 cents a share, from $178,000, or 4 cents, in the first half of 2007. Sales declined slightly to $54.2 million from $54.6 million.

Besides making wipes for leading consumer products marketers, Tufco also has specialty printing services and business imaging products.

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