Hawk Announces Record 2008 Second Quarter Sales and Income from Operations
Hawk Corporation (Amex: HWK) announced today that net sales from continuing operations for the second quarter ended June 30, 2008 increased by 29.8% to a record $71.8 million from $55.3 million in the comparable prior year period. The Company\'s second quarter 2008 net sales benefited from strong economic conditions in all of its end markets, pricing actions to partially offset cost increases, favorable foreign currency exchange rates and new product introductions. The effect of foreign currency exchange rates accounted for 7.8% of the total net sales increase of 29.8% during the second quarter of 2008. The Company experienced strong sales growth from all of its facilities in the second quarter of 2008.
- Published: 07 August 2008
- Written by Editor