Todd Shipyards Q1 profit up 73%

Todd Shipyards Corp. (TOD) reported net income for the first quarter of $2.6 million or $0.44 per share, compared to $1.5 million or $0.26 per share for the year-ago quarter.

Revenue for the first quarter rose 103% to $70.21 million from $34.64 million in the prior year quarter, mainly due to higher volumes of Coast Guard and Navy vessel maintenance and repair activity and new construction activity for Washington State Ferries.
(Source:www.stockmarketsreview.com)