National Technical Systems, Inc. (NTSC) Reports Strong Improvement in First Quarter Sales and Net Income
National Technical Systems, Inc. reported net income of $3.5 million, or $0.35 per diluted share, in the first quarter of fiscal 2011, which ended 4/30/2010. This was a strong improvement over the net income of $0.54 million, or $0.06 per diluted share, that the company earned in the corresponding quarter last year. National Technical Systems, Inc. said that the net income for the first quarter of fiscal 2011 contained a net gain of $1.8 million from the sale of property that the company owned in Virginia. The company earned $1.7 million, or $0.17 per diluted share, excluding this onetime gain.…