Green Bay, WI-based wipes converter has released fiscal year 2008 second quarter sales and earnings information. Quarterly sales reached $29.6 million, up 7% over fiscal year 2007 second quarter sales. For the first six months of 2008, sales were $54.4 million compared to $54.6 million for the 2007 first six months.
Net income per diluted share for the 2008 second quarter was $0.04 per share compared to $0.01 net income per diluted share for the second quarter of 2007. For the first six months of 2008, net income per diluted share was $0.05 per share compared to $0.04 per share for the first six months of 2007.
In commenting on the results, Louis LeCalsey, Tufco's president and CEO said, "During the last year our contract manufacturing division has been focusing on reducing waste and increasing operating efficiencies. Those efforts are paying off in 2008. A second result of our efficiency improvements is that we have doubled converting capacity on our existing equipment from a year ago. We have multiple sales initiatives underway to profitably utilize this increased capacity."