EARNINGS: Aceto Corp., Lake Success
Aceto Corp., Lake Success
pharmaceutical and chemical distributor
Quarter: Ended March 31
Net income: Profit of $3.8 million, compared with $1.9 million in the year-ago quarter.
Net revenue: $99.3 million, compared with $79.8 million in the same quarter in 2009.
Outlook: "The results that we have reported . . . with increased sales across all of our business segments, gives us encouragement that an upturn in our business is at hand," Vincent Miata, chief executive and president, said.
Company statement: "Over the past several months we have restructured the way Aceto manages its operations into more of a vertically integrated, global-team matrix. . . . This realigned structure is beginning to take hold, and we believe that Aceto is well- positioned for future growth," Miata said.
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