Ceradyne Inc., which manufactures body armor in Lexington, said Tuesday it earned $6.6 million in the second quarter, reversing a year-ago loss that came when the company took expensive one-time charges for closing a French factory.
The company had sales of $100.4 million in the quarter, up 5.35 percent from $95.3 million in the same period a year ago. Earnings per share were 26 cents in the most recent quarter, up from a loss of 44 cents a share, or $11.2 million overall, in the year-ago quarter.
The company had new orders of $87.6 million in the quarter, up from $79.5 million a year ago.
Chief executive Joel P. Moskowitz said in a statement that the earnings reflect the company's decision to create a wider range of products, "which is more than offsetting the decline in ... lightweight ceramic body armor inserts, which had been anticipated."
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The company also increased its earnings guidance for the full year from a range of 65 cents to $1.05 a share to a range of 80 cents to $1.18. It also raised revenue guidance from a range of $380 million to $430 million to $400 million to $430 million.