International Baler Corp. reported earnings results for the first quarter ended January 31, 2012. For the period, the company reported net sales of $4,270,795 against $1,842,658 a year ago. Net income was $355,823 or $0.07 per basic and diluted share against $42,097 or $0.01 per basic and diluted share a year ago. The higher sales and income were the result of improved market conditions and higher commodity prices for recycled materials compared to the first quarter of 2011. Also, the Company expanded its dealer network by adding several new dealers and improving coverage of market areas in the United States in 2011.