Industrial services provider MISCOR Group, Ltd. (OTC Bulletin Board: MCGL) reported a 22 percent increase in net sales for its first quarter ended April 1, 2007, driven by continued strong growth in both of the Company's operating segments.
MISCOR, a provider of mechanical and electrical industrial services and products, reported net sales of $16.1 million for the fiscal first quarter ended April 1, 2007, as compared to $13.2 million in the first quarter of 2006, driven by higher product and service sales across all its business lines. Service revenues realized the highest gain, increasing 35 percent to $10.9 million, as compared to $8.0 million in the first quarter of 2006. Gross Profit increased $354,000 to $2.8 million.
