Breeze-Eastern Corp. (BZC) Posts Record 2011 Full-year, Q4 Results
Breeze-Eastern Corp., a designer and manufacturer of high-performance lifting and pulling devices for military and civilian aircraft, today reported its fiscal 2011 full-year and fourth-quarter financial results, posting figures significantly better than 2010. Full-year fiscal 2011 revenues were $78.2 million, a company record compared to $69.0 million reported for fiscal 2010. The company reported net income of $5.0 million, or $0.53 per diluted share, compared to a net loss of $6.0 million, or $(0.64) per diluted share, reported for fiscal 2010. Net debt was shaved $9.6 million lower than the previous year to $5.1 million while bookings great to $79.2…