Proliance International, Inc. more than tripled its earnings in the second quarter of 2008, compared to a year ago. A global manufacturer and distributor of aftermarket heat exchange and temperature control components, Proliance reported earnings of $7.9 million, compared to $2.3 million in the second quarter of 2007. “Profitability improved significantly due to our domestic cost reduction initiatives, including related changes in our distribution approach to the automotive and light truck market in the U.S., along with growth in the European heavy duty marine market, which remains quite strong,” says Charles E. Johnson, president and CEO. “This performance was achieved despite the continued impact on domestic sales of the February tornadoes that destroyed our Southaven, Mississippi heat exchange products distribution facility.” Domestic net sales for the 2008 second quarter declined 11 percent year over year, but at $33.8 million, international sales saw a growth of 31 percent. The increase reflected increased shipping and international volume, mainly in heavy-duty marine products. Proliance continues to be on track with previously announced plans to achieve operating income in the range of $20 million for the full year 2008, excluding one-time costs seen in their recent move from a temporary distribution center to a new, permanent Southaven facility. “We have seen positive seasonal demand in the domestic heat exchange market, so far this year, certainly supported by favorable weather conditions,” says Johnson. “Despite the fact the economy is challenging, gas prices are high and miles driven are down, we believe the increased seasonal demand is in part a reflection of the aging vehicle population and its impact on necessary maintenance, among other factors.” Proliance serves North America, Central America and Europe. For more information, visit Proliance online. | 
