Power specialist C&D Technologies announced financial results for the second quarter ended July 2006. The Company reported a net loss of $3.6 million, on revenues of $132.4 million. This compared to a net loss of $8.7 million in the Company's first quarter, on revenues of $129.2 million.

The Standby Power Division posted total net sales of $69.3 million, and operating income of $4.5 million. Revenues grew 4% year over year and sequentially. Operating income was up from $3.7 million in last year's second quarter and up substantially from $605,000 in the fiscal first quarter of 2007.

The Motive Power Division posted total net sales of $14.1 million, up 12% year over year and down 4% on a sequential basis. The Division's operating loss, which included the previously mentioned one-time plant transition costs of $1.1 million, increased to $3.1 million in the fiscal 2007 second quarter, from $2.5 million in the prior year's second quarter and $2.0 million in the fiscal 2007 first quarter.

The Power Electronics Division posted total net sales of $49.0 million and an operating loss of $778,000. Revenues were up 12% on a year-over-year basis and 3% sequentially. Second quarter operating loss compares to an operating profit of $1.6 million in last year's second quarter and an operating loss of $2.6 million in the fiscal first quarter of 2007. Costs associated with RoHS compliance and transition of contract manufacturers totaled approximately $578,000 for the second quarter.