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C&D Technologies: Third quarter 2010 revenues 09-12-09


C&D Technologies, a producer of electrical power storage and conversion systems used in telecommunications, uninterrupted power supply systems, utility and other high reliability applications, announced financial results for its fiscal 2010 third quarter ended October 31, 2009. For the quarter, the Company reported its second consecutive quarter of double-digit sequential revenue growth, with revenues of $91.2 million up, 10.7% from $82.4 million reported in this year's second fiscal quarter.

 

The sequential improvement in third fiscal quarter revenues was largely attributable to an approximately 5 percent growth in unit volume, principally driven by growth in Asia, as well as increased pricing due to higher commodity costs. The Company also reported net loss of $3.4 million, a improvement from a net loss of $5.6 million, in this year's second fiscal quarter. In the comparable prior year third fiscal quarter, the Company reported a net loss of $146,000.

 
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