MANKATO, MNWinland Electronics, Inc., designer and manufacturer of custom electronic control products and systems, reported first-quarter revenues of $9.3 million.
 
This was an increase of 13.4% compared to $8.2 million reported for the same period last year. The increase was the result of a 16.4% increase in sales for OEM customers, partially offset by a 12.5% decrease in sales of the company's proprietary line of products.
 
Gross profit was $1.2 million, 13% of sales, down from $1.7 million in sales for the first quarter of 2006.
 
Total operating expenses increased 34.1% to $1.5 million when compared to $1.2 million year-over-year.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account