RF Industries Posts Record Q3 Sales of $24M, EPS Up 267%
RFIL sits 84% above its 52-week low of $5.54.
Summary
RF Industries delivered a record quarter with net sales of $23.96 million, up 21% year-over-year and 16% sequentially. Net income surged 267% to $1.44 million, or $0.12 per diluted share, while gross margin expanded 160 basis points to 35.6%. Adjusted EBITDA rose 69% to $2.7 million. The company's backlog stands at $19.8 million as of today, up from $18.6 million at quarter end, indicating continued demand. Management highlighted the operating leverage from its mix shift toward higher-value custom cabling and integrated systems, which is diversifying revenue away from cyclical carrier spending. The earnings call is scheduled for 8:30 a.m. ET today, where management may provide forward guidance.
At the time of this announcement, RFIL was trading at $10.20 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $111.9M. The 52-week trading range was $5.54 to $22.30. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: ACCESS Newswire.