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Aceto Posts Record Fourth Quarter

10:00 PM MDT | September 7, 2007

Aceto Corp. (Lake Success, NY) reported net income for its fiscal fourth quarter ended June 30 of $4.2 million, up 42% from the year-ago period. Sales were up 21.3%, to $87.2 million. Aceto says sales were up across all divisions. Chemicals and colorants posted a 28.2% increase, on higher sales in its food, beverage, and cosmetics, agricultural intermediates, and coatings. The company's health sciences segment reported an 18.9% sales increase due to increased sales from its foreign subsidiaries, despite a "continually challenging generic pharmaceuticals...

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