What's in Store for Polypore?http://www.fool.com/investing/general/2011/08/17/whats-in-store-for-polypore.aspx Neha Chamaria
August 17, 2011
Filtration company Polypore International (NYSE: PPO ) surprised the Street with an astounding 91% jump in its second-quarter EPS, with strong end product demand driving the top line. However, in spite of the robust numbers, its shares took a beating, plummeting 10% as the company laid out its expansion plans.
The Separations segment, which makes membranes catering to the health-care sector, saw sales climb by 14% from the year-ago quarter. Peer Valence Technology (Nasdaq: VLNC ) also reported a more than twofold jump in its fiscal 2012 first-quarter revenues, as demand for medical products increased overall.
Strong revenue growth helped Polypore's operating margin improve from 21.6% to 27% year-on-year. As a result, the company's net income surged from $15.9 million last year to $29.5 million.