Hickok Inc. saw its net sales spike 66.7 percent to $1.96 million in the fiscal second quarter ended March 31, 2013. Earnings went from a loss of $224,781 a year ago to $119,431 in net income as the Cleveland-based company benefited from the completion of a significant OEM order received in October 2012.
Robert Bauman, president and CEO, said the higher sales volume not only had a positive effect on the second quarter operating results but also on the morale of Hickok’s employees. “The product strategy we have been implementing for the past year is working and growing revenue in our target markets,” Bauman explained. “We are hopeful improvement will continue during the remainder of the fiscal year.”
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