Del Global Technologies (DGTC.OB) Posts Q4 Results; Increases Across the Board
Del Global reported consolidated net sales for the quarter at $31 million, up 29.2% from $24 million in the same period last year. The company attributed the increase to higher sales at the Medical Systems Group and the Power Conversion Group (RFI) which rose 29.4% and 19%, respectively. In a press release, Del Global’s President and CEO James A. Risher said the company generated more than $100 million in annual sales as it took the necessary steps to strengthen its management and business strategy. “We ended a record year for the company with a strong fourth quarter, highlighted by increases…