Magal Security Systems (MAGS) Reports Q2 EPS of $0.07

Magal Security Systems (NASDAQ: MAGS) reported Q2 EPS of $0.07. Revenue for the quarter came in at $25.3 million.

Commenting on the results, Mr. Dror Sharon, CEO of Magal, commented, "Magal had a good quarter from all standpoints, with organic growth in revenue and corresponding improvements in profit across the board. Our revenues increased on the back of the solid backlog we have built, which continues to remain at healthy levels. Magal is in a good position for 2018."

Continued Mr. Sharon, "Since joining Magal in June, I have been very impressed by what I have seen. Magal is a company with outstanding engineers and employees and market leading technology. I see much potential for growth, as our technology and product offerings continue to address the growing needs of the security and HLS markets. I am excited and look forward to growing the company over the quarters and years ahead."

For earnings history and earnings-related data on Magal Security Systems (MAGS) click here.

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