Stock of Zoltek Cos. jumped 41 percent Friday on news of first-quarter net income of $9.7 million, or 28 cents per share, compared with a loss of $1.6 million, or 5 cents per share, in the corresponding period last year.
Quarterly revenue for the Bridgeton-based carbon fiber maker rose to $47 million, compared with $32.9 million in the first quarter of fiscal 2011.
Zsolt Rumy, Zoltek's chairman and chief executive, said the results were steps toward the company's goal of a $500 million "revenue run rate" in the next three years. Wind turbine applications continue to represent the most significant near-term revenue growth potential, the company said.
Tim Bryant covers real estate and construction for the Post-Dispatch. He blogs on Building Blocks. Follow the Business section on Twitter @postdispatchbiz.
