National Technical Systems Inc. (NTSC) Posts Record FY2011 Revenue and Q4 Loss
National Technical Systems Inc., a leading provider of engineering services, today reported financial results for the fiscal year and fourth quarter ended January 31, 2011, posting record revenues for full-year 2011. Revenues for fiscal year 2011 increased 17 percent to a record $144.1 million compared to $122.7 million in the prior year. The acquisitions of Unitek on November 30, 2009, and Mechtronic Solutions (MSI) on December 16, 2010, accounted for $10.1 million, or 8.2 percent, of the increase in revenues. Gross margin in fiscal 2011 was 27.0 percent compared to 27.7 percent in the prior fiscal year. Net income for…