ORLANDO, Fla.--(BUSINESS WIRE)--The LGL Group, Inc. (NYSE Amex:LGL) (the “Company”), announced results for the quarter ended September 30, 2011.
“We are working to maintain discipline in keeping both variable and structural costs in line with revenue levels as we seek to manage effectively through the current business cycle.” Total revenues for the three months ended September 30, 2011, were $9,629,000, a decrease of 22.3% from revenues of $12,397,000 for the three months ended September 30, 2010. Net income for the three months ended September 30, 2011, was $91,000, compared with $1,978,000 for the same period in 2010. Diluted earnings per share were $0.03 for the three months ended September 30, 2011, compared with diluted earnings per share of $0.88 for the same period in 2010.
“We are working to maintain discipline in keeping both variable and structural costs in line with revenue levels as we seek to manage effectively through the current business cycle.” Total revenues for the three months ended September 30, 2011, were $9,629,000, a decrease of 22.3% from revenues of $12,397,000 for the three months ended September 30, 2010. Net income for the three months ended September 30, 2011, was $91,000, compared with $1,978,000 for the same period in 2010. Diluted earnings per share were $0.03 for the three months ended September 30, 2011, compared with diluted earnings per share of $0.88 for the same period in 2010.
