Environmental Tectonics Corporation reported financial results for the fourth quarter and full year ended February 23, 2018. For the quarter, the company reported Net income attributable to ETC was $1.2 million, or $0.07 diluted earnings per share, in the 2018 fourth quarter, compared to $36,000 during the 2017 fourth quarter, or $0.01 diluted loss per share. The $1.2 million increase is due to the combined effect of a $0.8 million variance between the $0.6 million income tax benefit recorded in fiscal 2018 compared to the $0.2 million income tax provision recorded in fiscal 2017, a $0.3 million increase in gross profit, and a slight decrease in both operating and other expenses, offset, in part, by a slight increase in interest expense. Net sales for the 2018 fourth quarter were $14.6 million, an increase of $3.2 million, or 27.6%, compared to net sales of $11.4 million for the 2017 fourth quarter. The increase reflects higher sales to Domestic customers within the Sterilizers business unit of CIS segment and higher sales of ADMS line of products to International customers within Aerospace segment. Operating income was $878,000 against $533,000 for the same period of last year. Income before income taxes was $493,000 against $152,000 for the same period of last year. EBITDA was $1,120,000 against $684,000 for the same period of last year. For the year, the company reported Net income attributable to ETC was $2.4 million, or $0.12 diluted earnings per share, in fiscal 2018, compared to a net loss attributable to ETC of $0.9 million during fiscal 2017, equating to $0.09 diluted loss per share. The $3.3 million variance is due to the combined effect of a $2.8 million increase in gross profit, a $0.8 million variance between the $0.6 million income tax benefit recorded in fiscal 2018 compared to the $0.2 million income tax provision recorded in fiscal 2017, and a $0.3 million decrease in other expense, offset, in part, by a $0.3 million increase in operating expenses and a $0.3 million increase in interest expense. Net sales for fiscal 2018 were $48.1 million, an increase of $8.3 million, or 20.7%, from fiscal 2017. The increase reflects higher sales within CIS segment of ethylene oxide sterilizers and control systems upgrades to Domestic customers within the Sterilizers business unit and Environmental Testing and Simulation Systems within the Environmental business unit to both Domestic and International customers, and higher overall sales of ADMS line of products and higher sales of simulator upgrade services and training devices provided by ETC-PZL within Aerospace segment, offset, in part, by an overall decrease in sales of monoplace chambers within the Hyperbaric Chambers business unit of CIS segment. During fiscal 2018, due primarily from the decrease in billings in excess of costs and estimated earnings on uncompleted long-term contracts and an increase in costs and estimated earnings in excess of billings on uncompleted long-term contracts, offset, in part, by the increase in net income, the increase in accounts payable, and the decrease in accounts receivable, the Company used $2.1 million of cash in operating activities compared to generating $1.4 million of cash from operating activities in fiscal 2017. Operating income was $3,087,000 against $555,000 for the same period of last year. Income before income taxes was $1,766,000 against loss of $731,000 for the same period of last year. EBITDA was $4,149,000 against loss of $1,301,000 for the same period of last year.