Polypore Profit Surges On One-Time Gains - Quick Facts

(RTTNews) - Filtration technology company Polypore International Inc. (PPO) Monday reported fourth-quarter net income of $50 million or $1.10 per share, compared with $17.5 million or $0.37 per share last year.

Results for the recent quarter included one-time gains from discontinued operations of $39 million or $0.88 per share.

Excluding items, adjusted earnings from continuing operations for the quarter were lower at $14 million or $0.31 per share, compared with $17 million or $0.36 per share a year ago, due mainly to a higher tax rate.

On average, 11 analysts polled by Thomson Reuters estimated earnings of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter were $169.4 million, up 5% from $162 million in the prior year. Analysts estimated sales of $164.4 million.