Nortech Systems Q4 net sales rise; co returns to profit
Overview
U.S. engineering and manufacturing firm's Q4 net sales rose 5.9% yr/yr to $30.3 mln
Company posted Q4 net income of $897,000, reversing a loss a year earlier
Q4 adjusted EBITDA of $1.2 mln, from a loss in prior-year quarter
Outlook
Company says positioned well to support customers pursuing nearshore manufacturing strategies
Result Drivers
OPERATIONAL IMPROVEMENTS - Co attributed improved Q4 results to higher gross margins, manufacturing efficiency and quality metrics
CUSTOMER BACKLOG - Management said growing customer backlog and transfer of key programs to optimized facilities supported performance
Company press release: ID:nGNX1Cl6yk
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales |
| $30.3 mln |
|
Q4 Net Income |
| $897,000 |
|
Q4 Basic EPS |
| $0.32 |
|
Q4 Pretax Profit |
| $681,000 |
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