04:10 PM EST - ADS Inc. : a provider of technical textiles, reported a strong second quarter in which sales jumped 15% year-over-year to $15.3 million from $13.3 million in the year ago second quarter. Sales were aided by the company’s purchase of Beckwith Bemis in June that added $1.6 million in sales in the second quarter. Earnings in the second quarter fell to $418,000, or $0.02 per diluted share from $680,000 or $0.03 per diluted share in the year ago quarter. The company hopes to achieve sales of over $100 million within two years, up from the current $70 million.
shares T.AAl.A are trading unchanged at $1.05.
