Shares of Kreisler Manufacturing Corp. (Nasdaq: KRSL) are climbing higher today after the manufacturer of components and assemblies used in military and commercial aircraft engines and industrial gas turbines recorded robust results for fiscal year 2007.

For the year ended June 30, the Elmwood Park, N.J.-based company recorded net income of $1.96 million, or EPS of $1.04, compared with net income of $1.2 million, or EPS of $0.63, in fiscal 2006. No analyst estimates were available.

Sales increased 21% to $23.9 million, compared with sales of $19.7 million for the year.

Income from operations increased 64% to $3.1 million compared with income from operations of $1.88 million last year.

The company said it had double-digit sales increases in all three of its industry market areas—commercial aircraft engines, military aircraft engine and industrial gas turbines—and that the firm’s backlog increased 44% to $30 million.

Kreisler Manufacturing said it had an outlay of $1.5 million in capital equipment during the year, which was an increase of $1 million over fiscal 2006. The company said it expects to continue making “appropriate” capital equipment purchases next year.

Gross margin increased to 57%.

Shares of Kreisler Manufacturing (KRSL) gained $1.78, or 10.43%, to $18.85 in Tuesday morning trading.

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