LaBarge Inc., a provider of electronics manufacturing services, today reported record financial results for the fiscal 2010 fourth quarter and full year ended June 27.

“Outstanding operational performance and increased customer demand across most key market sectors propelled LaBarge’s sales and earnings to record levels in the company’s fiscal 2010 fourth quarter and full year,” said Craig LaBarge, CEO and president.

“Additionally, bookings of new business in fiscal 2010 set a new company record, and fiscal 2010 full-year gross profit, operating income and backlog generated double-digit increases over the previous fiscal year’s levels. We begin fiscal 2011 in a position of strength and look forward to another year of growth and excellent operational performance.”

Fiscal 2010 fourth-quarter net sales grew 27 percent to a record $82.41 million, compared with $64.75 million in the comparable period a year earlier, and grew 10 percent from $74.74 million in the fiscal 2010 third quarter.

Fiscal 2010 fourth-quarter net earnings grew 85 percent to a record $4.82 million, or 30 cents per diluted share, compared with $2.61 million, or 16 cents per diluted share, in the comparable period a year earlier, and grew 17 percent from $4.13 million, or 26 cents per diluted share, in the fiscal 2010 third quarter.

Net sales for fiscal 2010 grew 6 percent to a record $289.3 million, versus $273.37 million in fiscal 2009. Net earnings for fiscal 2010 grew 44 percent to a record $14.89 million, or 93 cents per diluted share, versus $10.34 million, or 64 cents per diluted share, in fiscal 2009.

Total debt at June 27 was $37.33 million, down 18 percent from $45.49 million at June 28, 2009, and down 5 percent from $39.37 million at March 28.

Stockholders’ equity at June 27 was $115.64 million, up 12 percent from $103.15 million at June 28, 2009, and up 4 percent from $111.59 million at March 28.