NORTH BILLERICA, MA -- BTU International, a supplier of thermal processing equipment for PCB assembly and semiconductor packaging, reported second-quarter net sales were up 24% sequentially and 11% over last year.

For the July quarter, BTU reported net income of $770,000, up 361% sequentially, on sales of $15.8 million. The company's net loss for the year-ago quarter was $892,000.

First-half net sales were up 12% to $28.6 million. Net income was $937,000, compared to a loss of $1.9 million.

"We are pleased with the progress we are making in bringing cost under control, improving our results and globalizing our business," said Paul J. van der Wansem, chairman and chief executive.

"Our visibility into the future remains limited, but we continue to see strength in most of our markets," said van der Wansem. "Based on our current knowledge, we expect third quarter sales to be equal or better than the second quarter, with profits improving in line with revenue growth."

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