Aug 03, 2007. /Lesprom Network/. Nashua Corporation, a manufacturer and marketer of labels, thermal specialty papers and imaging products, announced on August 2, 2007 financial results for the second quarter ended June 29, 2007. Net sales for the second quarter of 2007 were $67.7 million, compared to $65.5 million for the second quarter of 2006. Gross margin for the second quarter of 2007 was $12.3 million, or 18.2%, compared to $9.5 million, or 14.5%, for the second quarter of 2006. Income from continuing operations before income taxes was $2.1 million in the second quarter of 2007 compared to a loss from continuing operations before income taxes of $1.6 million in the second quarter of 2006. Net income was $1.3 million in the second quarter of 2007, or $0.21 per share, compared to a net loss of $1.0 million, or $0.16 per share, in the second quarter of 2006. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $3.3 million for the second quarter of 2007 compared to $0.2 million for the second quarter of 2006. Net sales for the six months ended June 29, 2007 were $132.9 million, compared to $130.3 million for the first six months of 2006. Gross margin for the first six months of 2007 was $23.7 million, or 17.9%, compared to $19.2 million, or 14.8%, for the first six months of 2006. Income from continuing operations before income taxes for the first six months of 2007 was $3.2 million compared to a loss from continuing operations before income taxes of $2.5 million in the first six months of 2006. Income from continuing operations for the first half of 2007 was $1.9 million, or $0.31 per share, compared to a loss from continuing operations of $1.5 million, or $0.25 per share, for the first six months of 2006. Net income was $2.2 million for the first six months of 2007, or $0.36 per share, compared to a net loss of $0.5 million, or $0.09 per share, for the first six months of 2006. EBITDA was $5.7 million for the first six months of 2007 compared to $1.1 million for the first six months of 2006. During the second quarter, Nashua tendered 751,150 shares at a price of $10.50, which was paid on July 6, 2007. Nashua also reported that following the tender offer the repurchase of up to 384,571 shares of common stock remained authorized under the stock repurchase program announced in November 2006. Nashua also completed its refinancing during the second quarter of 2007, which provides a term loan of $10 million and a revolving line of credit for $28 million. Thomas Brooker, president and chief executive officer of Nashua Corporation, stated, "The year-to-year progress on both sales and net income reflects the company's focus on top-line growth and continued expense control. Expansion of the sales force has led to increased opportunities and success in existing and new accounts. The restructuring and consolidations which occurred last year have provided us with a cost structure which should allow us to continue to grow profitably." Nashua Corporation manufactures and markets a wide variety of specialty imaging products and services to industrial and commercial customers to meet various print application needs. The company's products include thermal coated papers, pressure-sensitive labels, colored copier papers, bond, point of sale, ATM and wide format papers, entertainment tickets, as well as ribbons for use in imaging devices.