09:51 AM EST - TS Automation Tooling Systems Inc. : reported financial results for the three months ended September 30, 2012 for its continuing operations (Automation Systems Group or "ASG") and discontinued operations ("Solar"). Revenues from continuing operations were $141.4 million, 3% lower than the corresponding period a year ago primarily because certain transportation programs (representing approximately 10% of Order Backlog) were put on hold by the customers due to product and specification revisions. The programs have since been re-started. Despite the decline in revenues, earnings from continuing operations for the second quarter of fiscal 2012 increased 4% to $13.8 million (10% operating margin) compared to $13.3 million (9% operating margin) in the corresponding period a year ago. TS Automation Tooling Systems Inc.
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