May 12, 2010
Signs Of Recovery For Westminster Metal Shop
By Matthew L. Brown
Westminster-based metal fabricator TechPrecision Corp. said it has increased its backlog by more than $4.8 million to $25.5 million since March 15.
At the end of 2009, the company's backlog was $15.7 million. The company said that since January, orders from large customers, including solar power industry manufacturers, defense contractors and laboratory equipment makers have come in.
The company said the trend signals "recovery dynamics in key markets."
In the third quarter, the last quarter for which TechPrecision earnings reports are available, the company made a profit of $204,697 on $5.2 million in revenue.
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