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Material Sciences Corp. said it earned a record $4.88 million, or 31 cents a share, in its fiscal third quarter, a nearly 15-fold increase from $333,000, or 2 cents a share, a year earlier, when earnings were cut by an after-tax charge of $2.6 million, or 16 cents a share.
The Elk Grove Village-based industrial coatings company said sales in the quarter, which ended Nov. 30, rose 20 percent, to $69.6 million from $58 million a year earlier.
For the nine months, Material Sciences’ profit jumped 51 percent, to $14.03 million, or 90 cents a share, from $9.26 million, or 60 cents a share, a year earlier. Sales rose 18 percent, to nearly $209 million from $177.1 million.
