Electronic products supplier Surge Components Q3 sales rises 29%
Overview
Surge Components Q3 net sales rose 29% yr/yr to $10.3 mln
Gross profit increased 14% yr/yr to $2.8 mln despite lower gross margin
Net income available to common shareholders grew 6% yr/yr
Outlook
Surge Components is cautiously optimistic about the next quarter and early 2026
Company notes potential tariff impacts on customers exporting from Mexico
Result Drivers
INVENTORY NORMALIZATION - Surge attributes revenue growth to normalization of excess inventory in the electronics industry, stimulating renewed purchasing activity
CUSTOMER EXPANSION - Increased business with new and existing customers contributed to higher net sales
TARIFF MITIGATION - Co has mitigated some tariff impacts by passing costs to customers and adjusting delivery routes
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| $10.30 mln |
|
Q3 EPS |
| $0.08 |
|
Q3 Gross Margin |
| 27.70% |
|
Q3 Gross Profit |
| $2.80 mln |
|
Press Release: ID:nBw6WK153a
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
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