Cleantech Solutions Q4 Profit Rises - Quick Facts

(RTTNews) - Cleantech Solutions International, Inc. (CLNT) said fourth-quarter net income grew to $3.0 million, or $0.79 per share from $2.1 million, or $0.60 per share, a year-ago.

Adjusted net income for the current quarter was $2.0 million or $0.51 per share, down from $4.7 million or $1.34 per share in the prior year period.

Revenue for the latest fourth quarter decreased by 9.9% to $20.5 million from $22.8 million in the comparable quarter last year.

The company expects revenue growth to continue in 2015, driven primarily by sales of forged products and components to customers in the petroleum and chemical industries.

The firm manufactures metal components and assemblies used in various clean technology and manufacturing industries and textile dyeing and finishing machines.