United Engineers Limited provided earnings guidance for the first quarter ended March 31, 2015 and second quarter ended June 30, 2015. The Company expects net sales in the first quarter of calendar 2015 to be between $145 to $150 million, at the mid to high end of the Company's guidance range of $130 to $160 million. This represents an approximate 25% increase from the prior year first calendar quarter's net sales of $117.8 million. Gross margin for the first quarter of calendar 2015 is anticipated to be above the Company's guidance, between 12% and 13%.

The company expects second quarter results to be strong and in line with its first quarter results.