EXTON, Pa., April 21, 2022 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that the Company’s Net Sales for the first quarter of 2022 were $31,293,000 compared to $30,863,000 during the first quarter of last year, increasing $430,000 or 1.4%. Net Income was $5,451,000 for the first three months of 2022 versus $6,267,000 during the same period last year, decreasing $816,000 or 13.0%.   In contrast to the first quarter of last year which was the strongest first quarter on record, current quarter performance was challenged by the rising cost environment, mainly for certain raw materials and freight, which is expected to be overcome by the timing of the impact of selling price increases.