LINCOLN – Personal and business accessories maker A.T. Cross Co. reported “strong” second-quarter earnings on Wednesday.
A.T. Cross said profit grew to $3.15 million, or 24 cents per diluted share, from $2.71 million, or 20 cents per diluted share in the 2010 second quarter. Sales advanced to $47.77 million from $41.75 million.
“A.T. Cross delivered an outstanding first half performance. Led by the Cross Optical Group, our business grew 15 percent and our bottom line improved substantially,” said David G. Whalen, president and CEO, in a news release.
“At investor conferences we have said time and again that in terms of growth potential and return on capital our sunglass business compares favorably with any business that investors are considering. The 2011 first half performance that our optical team just delivered only strengthens the argument,” he added. Whalen also s