Date: 9 February 2007
The family-owned and operated firm has been in business since 1947, and is developing the new facility on Railroad Avenue in Webster in the Riverside Business Park. The new office will allow for increases in both staffing and capabilities, said David Dalterio, general manager of Webster Plate Glass.
"Our expertise in commercial, residential, and auto glass has driven our growth and the need for relocation," said David Dalterio.
Webster Plate Glass was formerly located on 30 Thompson Road in Webster.
Moldflow Corp. in Framingham announced the results for its second quarter of the 2007 fiscal year, reporting a non-GAAP net income of $2.2 million, representing a 26 percent increase from the same quarter last year.
Net income in accordance with GAAP was reported at $1.8 million, or $0.15 per diluted share, including a charge of $451,000, net of related tax effects, for compensation expense as required under FAS 123(R), compared to a net loss of $109,000 in the same period of the prior fiscal year.
Revenue of $17.7 million was up 15 percent sequentially and 4 percent from the same quarter of fiscal 2006. The company also reported total product revenue of $10.4 million, representing a 30 percent sequential increase and a 3 percent increase over the same period of the prior year.
On a regional basis, the company's Asia/Pacific region represented 38 percent of total revenue, while the European region accounted for 35 percent and the Americas represented 27 percent of total revenue.
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