Material Sciences Corp. (MASC) Posts Improved Q1 Results
Material Sciences Corp. today posted results for its first quarter ended May 31, 2010, reflecting improving markets, sales increase and a more flexible financial condition. Material Sciences CEO Clifford D. Nastas noted three variables contributing to the company’s improved results. "Three factors were instrumental in our return to profitability this quarter," Nastas stated in the press release. "First, for the past year we have focused on lowering our cost base by increasing operating efficiencies, using stringent expense controls, selling non-core assets, and sizing our operations to current market opportunities. Second, we continued to invest in improving the quality of existing…