November 12, 2010
One-time Order Skews TechPrecision Earnings
By Brandon Butler
TechPrecision Corp., the Westminster-based metal fabrication manufacturer, earned an $855,000 profit on $8.4 million in revenues in the most recent quarter.
Revenues were down more than 50 percent from last year when the company made a $1.3 million profit on more than $15 million in revenues. But, company officials said about 60 percent of that revenue was from a one-time nonrecurring sale.
Excluding that, revenues increased this year 36 percent.
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