Nortech Systems, Inc. (NSYS) Reports Q4 EPS of $1.76

Nortech Systems, Inc. (NASDAQ: NSYS) reported Q4 EPS of $1.76, versus ($1.33) reported last year. Revenue for the quarter came in at $33.5 million, versus $23.84 thousand reported last year.

Business Outlook:
“We believe our results for 2021 provide a great springboard for 2022,” continued Jay Miller. “For the remainder of this year, we will continue to focus on managing supply-chain disruptions and related cost challenges that our customers are experiencing.” Miller added that rising material and labor costs continue to be the large issues facing the Company. A January 2022 report by the global trade organization IPC found that 90 percent of electronics manufacturers report rising material costs and over 75 percent report rising labor costs.

“In this current environment, our partnerships with customers run much deeper than purchase orders,” concluded Miller. “In tandem with our customers, we are leveraging our decades of technical expertise to develop innovative proprietary technologies for manufacturing methods and products.”

For earnings history and earnings-related data on Nortech Systems, Inc. (NSYS) click here.

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