MINNEAPOLIS--(BUSINESS WIRE)--MOCON, Inc. (Nasdaq:MOCO) today reported its operating results for the quarter ended June 30, 2007.
Net sales for the second quarter 2007 were $6,658,000, an increase of 5 percent compared to $6,340,000 for the second quarter 2006. Net income was $932,000 for the second quarter 2007, an 8 percent increase compared to $863,000 for the second quarter 2006. Diluted net income per share was $0.16 in the second quarters of both 2007 and 2006. Six-month sales were $13,534,000, an increase of 5 percent compared to $12,859,000 for the first six months of 2006. Net income and diluted net income per share were $1,765,000 and $0.31, respectively, for the first half of 2007, decreases of 12 and 14 percent, respectively, compared to $1,998,000 and $0.36 for the same period in 2006.
