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Earnings improve at Michael Baker Corp.

| Tuesday, March 13, 2012

Michael Baker Corp., Moon, reported earnings for the October-December quarter of $4.4 million, compared with a nearly $1.6 million loss a year ago.

The results equal 47 cents a share, compared with a loss of 18 cents. A year ago, the design/engineering/construction company posted a $1 million after-tax charge from discontinued operations.

Revenue jumped 30 percent to $156 million from about $120 million.

For the full year, earnings jumped 42 percent to about $17 million, or $1.85 a share, from about $12 million, or $1.33 a share. Revenue increased 7.8 percent to $538 million from $499 million.

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