KMG Chemicals (NYSE:KMG), a provider of specialty chemicals, announced that net sales were $65.3 million, down 8.7% from the comparable quarter in fiscal 2012, reflecting reduced volumes within the wood treating chemicals business. Gross profit margins increased to 30.7%, from 26.1% in the first fiscal quarter of 2012. Operating income increased 1.6% to $7.1 million vs. $7.0 million in the same period a year ago. Diluted earnings per share were $0.36, up 16% from $0.31 per share in last year's first fiscal quarter.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.