C&D Technologies, Inc. announced financial results for the second quarter of fiscal 2012, ended July 31, 2011.
Fiscal 2012 second quarter revenues were $94.6 million up 13% compared to $83.8 million in the second quarter of fiscal 2011. Revenues in the quarter reflected strong growth in Asia and Europe, as well as higher average selling prices resulting from an increase in the average quarterly cost of lead compared to the average cost of lead in the year ago quarter. These increases were partially offset by continued pressures on volumes as a result of the general economic environment, principally in our Americas UPS Flooded markets. Revenues in the second quarter were up from $88.3 million in the first quarter of fiscal 2012 as a result of strong growth in Europe and Asia and improved performance of the Telecom sector in the Americas compared to the first quarter.