Exhibit 99.1

 

FOR IMMEDIATE RELEASE    LOGO

MISCOR Group Reports 117% Increase in Profits for First Half 2012 Results

Amounts in 000’s

MASSILLON, OHIO, Aug. 6, 2012

– MISCOR Group, Ltd. (OTCQB: MIGL), a provider of electro-mechanical repair and complementary services to a broad range of industries, today reported a 117% increase in net income for the six months ending July 1, 2012 compared to the prior-year period. This increase in net income is primarily a result of improved sales, gross margins and reduced interest expense.

“We are pleased to report continued earnings growth for the first half of 2012,” stated Michael P. Moore, President and CEO of MISCOR Group. “The results in the first half of 2012 reinforce our long-term growth initiatives and carry on the momentum generated by significant restructuring efforts made in 2011.”

For the six months ended July 1, 2012, total revenues increased by 11.2%, or $2,584 to $25,740 compared to the same period in 2011. Net income for the six months ended 2012 was $1,569, compared to $721 for the six months ended 2011, reflecting an increase of $848, or 117.6%. EBITDA increased by $805 in the first half of 2012 to $2,793 from $1,988 for the same period in 2011.

For the three months ended July 1, 2012, the Company reported a 9.4%, or $1,143 increase in net revenues to $13,262, compared to net revenues of $12,119 for the same period in 2011, primarily due to increased demand for products and services. Net income for the quarter was $754 compared to $501 for the second quarter of 2011, an increase of $253, or 50.5%. Correspondingly, basic and fully diluted earnings per share increased to $0.06 per share as compared to $0.04 per basic and fully diluted share for the same period in 2011. For more details, the reader is strongly encouraged to review the Company’s most recent Form 10-Q filed with the Security and Exchange Commission on August 6, 2012.

“We remain focused on offering our customers unique services within our industrial and rail markets,” Moore continued. “Our value proposition remains steadfast, providing superior quality through unmatched experience, quality and innovation. We will continue to seek profit improvement and further solidify our position as a leading provider of industrial and rail services as we enter the second half of 2012.”

About MISCOR Group, Ltd.

Massillon, Ohio-based MISCOR Group, Ltd. (OTCQB: MIGL) provides electrical and mechanical solutions to industrial, commercial and institutional customers through two segments: Industrial Services, consisting of the Company’s maintenance and repair services to several industries, including electric utilities, wind power, transportation, chemical, oil, pulp and paper, metal manufacturing and forming, and repairing, manufacturing, and remanufacturing industrial lifting magnets for the steel and scrap industries; and Rail Services, consisting of the Company’s manufacturing of power assemblies, engine parts, and other components related to large diesel engines.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “should,” “could,” “will,” or variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements reflect the Company’s views, expectations and beliefs at the time such statements were made with respect to such matters, and may cover such items as the Company’s future plans, objectives, events, contract pricing and results such as revenues, expenses, income, earnings per share, capital expenditures, operating margins, financial position, expected results of operations and other financial items. There are a number of factors, many of which are beyond the Company’s control, which could cause actual results and outcomes to differ materially from those described in the forward-looking statements. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions (“Risk Factors”) that make the timing, extent, likelihood and degree of occurrence of


The following information was filed by Miscor Group, Ltd. (MIGL) on Tuesday, August 7, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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