Sales were $1.71 billion, an increase of 10% sequentially and 23% compared to the same period last year. Earnings per share were $0.58, a gain of 12% sequentially and 49% over a year ago.
GE Aviation has announced a research and development contract worth more than $7 million for solid-state primary power distribution technology using silicon carbide (SiC) power switches applicable to the latest and future U.S. Air Force platforms.
Corning Inc. has announced that Peter F. Volanakis, president and COO, will retire on or before December 31, following 28 years of service with the company.
CARBO Ceramics Inc. has reported net income of $18.7 million, or $0.81 per diluted share, on revenues of $111.5 million for the quarter ended June 30, 2010.
Gross profit margins improved for the eighth consecutive quarter to 26% in the current quarter, compared to 23% in the previous quarter and 19% in the same quarter last year.
Imbuing an environmentally conscious philosophy throughout a company ensures that products and people are part of a successful sustainable manufacturing program.
In 2010, the global market for nanostructured materials will surpass $5.0 billion, and manufacturers continue to look for practical methods that meet quality specifications.
PremaTech Advanced Ceramics’ new facility more than doubles the company’s available space, providing opportunities for improved processes and future growth.
