The Menomonee Falls-based Magnetek, Inc. (NASDAQ: MAG) today reported that first quarter income from continuing operations increased 76% to nearly $2.2 million, or 68 cents per diluted share, compared to prior year income from continuing operations of $1.2 million, or 39 cents per diluted share.
The company also reported net sales of $28.7 million, a more modest increase of 3% over the prior year comparable quarter.
According to Magnetek, earnings performance was based on sales growth of products for the material handling and mining markets, which was partially offset by lower sales of wind power inverters.
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