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MINNEAPOLIS -- HEI Inc. today announced first-quarter sales fell 3% to $8.9 million, but the company reversed last year's net loss.

For the period ended April 4, the net income was $268,000, up from a net loss of $440,000 for the same period last year.

The company credited improvements over the past two years at its plants.

HEI CEO Mark B. Thomas said, "The current economic conditions are having an impact on the demand for our customer's products along with substantial pricing pressures for the products that we build."

 

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