Automaton Tooling Systems announces financial results

Automation Tooling Systems has reported its financial results for the three and six months ended 26 September 2010.

In the second quarter of the fiscal year, consolidated revenues were $162m (£101m), compared to $151.1m in the first quarter and $148.2m in the same period a year ago.

Consolidated earnings from operations were $5.5m compared to $9.7m in the first quarter and $9.3m in the same period a year ago.

Basic and diluted per-share earnings were $0.04 compared to $0.07 in the first quarter and $0.07 in the same period a year ago.

The company ended the period with a cash net of debt of $83.4m.