8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  May 2, 2011

TECH/OPS SEVCON, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-9789	04-2985631
(State or other	(Commission File Number)	(IRS Employer
jurisdiction of incorporation)		Identification No.)

155 Northboro Road

Southborough, MA   01772

(Address of principal executive offices and zip code)

(508) 281-5510

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

On May 2, 2011 the Registrant issued a press release announcing financial results for the second quarter of fiscal 2011 ended April 2, 2011.  A copy of such press release is filed as Exhibit 99.1 hereto and is incorporated by reference herein in its entirety.

Item 9.01 Financial Statements and Exhibits.

(d)	Exhibits
99.1	Press Release issued by the Registrant on May 2, 2011 is furnished herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TECH / OPS SEVCON, INC.
By:	/s/ Raymond J. Thibault Jr.
	Raymond J. Thibault Jr. Assistant Treasurer

Dated:  May 2, 2011

EXHIBIT INDEX

Exhibit Number	Description of Exhibit
99.1	Press Release issued by the Registrant on May 2, 2011.

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EX-99.1

Exhibit 99.1

           Tech/Ops Sevcon Inc.

                                                                                                                                                   155 Northboro Road Southborough, MA 01772

 Telephone (508) 281 5510

News Release

For release: Immediately

For further information contact: Paul N. Farquhar

TECH/OPS SEVCON REPORTS SECOND QUARTER RESULTS AND SALES INCREASE OF 26%

Southborough, Mass. May 2, 2011..... Tech/Ops Sevcon, Inc. (NASDAQ symbol TO) reported net income of $505,000, or $0.15 per share, for the second quarter ended April 2, 2011, compared to $27,000, or $0.01 per share, last year. Net income for the quarter included a one-time gain of $451,000 from the sale of a surplus U.K. facility. The Company saw improved demand in its traditional markets, as well as increased sales of its new Gen4 AC product for new applications, such as two and four wheel on road electric vehicles.

Second quarter fiscal 2011 compared to second quarter fiscal 2010

· Sales of $7,787,000 were $1,616,000, or 26%, higher than in the second quarter last year. Excluding the impact of foreign currency, shipment volumes were $1,538,000 higher than last year.

· Operating income of $658,000 was $595,000 higher than the $63,000 reported for the second quarter last year, despite the impact of adverse foreign currency fluctuations of $200,000. This included a one-time gain of $451,000 from the sale of a surplus U.K. facility.

· The Company recorded a net effective income tax charge for the quarter of $80,000, or 14%, of pre-tax income the low effective rate being largely due to there being no income tax payable on the sale of the U.K. facility.

· Net income per share for the quarter was $0.15 compared to net income per share of $0.01 in fiscal 2010.

Six months year-to-date 2011 compared to 2010

· Sales of $14,670,000 were $2,138,000, or 17%, higher than last year. Excluding the impact of foreign currency, shipment volumes were $2,252,000 higher than last year.

· Operating income was $691,000 compared to $224,000 last year, an improvement of $467,000. This included a one-time gain of $451,000 from the sale of a surplus U.K. facility in the second quarter of fiscal 2011.

· Net income for the first six fiscal months was $510,000 compared to net income of $186,000 last year. The increase in net income was principally due to a one-time gain of $451,000 from the sale of a surplus U.K. facility in the second quarter of 2011.

· Net income per share was $0.15 in the first six months compared to net income per share of $0.06 in fiscal 2010.

Tech/Ops Sevcon, Inc. is a world leader in the design, manufacture and marketing of microprocessor based controls for zero emission electric vehicles. The controls are used to vary the speed and movement of vehicles, to integrate specialized functions, and to optimize the energy consumption of the vehicles’ power source. Sevcon supplies customers throughout the world from its operations in the United Kingdom, the USA, France, and the Far East, and through an international dealer network. The Company's customers are manufacturers of on and off road vehicles including cars, trucks, buses, motorcycles, fork lift trucks, aerial lifts, mining vehicles, airport tractors, sweepers, and other electrically powered vehicles.

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Second Quarter 2011 Financial Highlights (unaudited)

     (in thousands except per share data)

	Three months ended				Six months ended
	April 2 2011		April 3 2010		April 2 2011		April 3 2010
Net sales	$	7,787	$	6,171	$	14,670	$	12,532
Operating / Income /(Loss)		658		63		691		224
Income / (Loss) before income taxes		585		41		591		287
Net Income / (Loss)	$	505	$	27	$	510	$	186
Basic Income / (Loss) per share	$	0.15	$	0.01	$	0.15	$	0.06
Diluted Income / (Loss) per share	$	0.15	$	0.01	$	0.15	$	0.06
Average shares outstanding		3,307		3,277		3,296		3,265

Summarized Balance Sheet Data

	(in thousands of dollars)
	April 2, 2011 (unaudited)		September 30, 2010 (derived from audited statements)
Cash and cash equivalents	$	1,114	$	803
Receivables		6,123		5,277
Inventories		6,447		5,048
Prepaid expenses and other current assets		1,306		1,410
Total current assets		14,990		12,538
Long-term assets		6,482		7,346
Total assets	$	21,472	$	19,884
Current liabilities	$	6,341	$	5,432
Liability for pension benefits		7,272		8,203
Other long-term liabilities		137		153
Stockholders’ equity	$	7,722	$	6,096
Total liabilities and stockholders’ investment	$	21,472	$	19,884

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