Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?K-Tron International (NASDAQ: KTII) designs
and produces material handling equipment and systems for a variety of industrial markets. Principal products include feeders, mass flow meters, pneumatic conveying equipment and pressure systems. The company also sells hammer mills, wood hogs and double roll crushers, used in the electric utility, mining, and forest products industries. Subsidiary K-Tron Electronics produces electronic assemblies and controller hardware.
The firm pleased investors last week, when it said its fourth quarter profit climbed 40%. Earnings rose to $2.18 per share, compared with $1.57 per share, in the prior-year period. Quarterly sales grew 33% to $59.1 million. Annual net income soared 65% to $21.3 million and full-year revenue increased 36% to $201.7 million.
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