Expectations were $160M and 34 cents; Polypore came in at $169.5M and 42 cents.
Per Press release:
- Sales were $169.5 million compared with $152.0 million in the prior-year period. Excluding the effect of foreign currency translation, sales increased 14%.
- Adjusted Net Income and Adjusted EPS were $19.3 million and $0.42 per diluted share compared with $16.2 million and $0.36 per diluted share in the prior-year period.
- Lithium battery separator sales were $33.9 million, an increase of $9.0 million, or 36%. The increase, while limited by capacity, reflects strong demand in consumer electronics and growing demand in Electric Drive Vehicles ("EDVs"). For the year, sales were $131.0 million, an increase of $44.9 million, or 52%.
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Polypore International, Inc., a technology filtration company, develops, manufactures, and markets microporous membranes used in separation and filtration processes. It operates in two segments, Energy Storage and Separations Media.
[Dec 7, 2010: Polypore Surges Higher on Upgrade]
[Nov 4, 2010: Earnings Report Swamps Polypore]
[Aug 26, 2010: Polypore Introduced to Cramer Nation]
[Aug 5, 2010: Polypore International with Impressive Beat on Q2 Earnings]
[July 1, 2010: Beginning Polypore]
[Aug 5, 2010: Polypore International with Impressive Beat on Q2 Earnings]
[July 1, 2010: Beginning Polypore]
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