RF Industries (NASDAQ: RFIL) reported Q4 EPS of $0.07, versus $0.05 reported last year. Revenue for the quarter came in at $10.6 million, versus $8 million reported last year.

Net sales increased 34% year over year to $10.6 million
Gross margin was 30%, the sixth straight quarter with gross margin of at least 30%
Net income increased 41% year over year to $640,000, or $0.07 per diluted share
Backlog of $10.6 million at January 31, 2019 on first quarter bookings of $10.9 million
Declared $0.02 per share dividend, the Company’s 35th consecutive quarterly dividend

Robert Dawson, President and CEO of RF Industries, commented:

“We are pleased to report another strong quarter that includes solid year-over-year growth in both sales and net income. We drove higher sales in both reporting segments over the prior year with the Custom Cabling segment growing 38% and the RF Connector segment growing 24% in what is seasonally our most difficult quarter. These increases are directly related to the channel strategies that we implemented over the past year as part of the strategic transformation of our business. We continue to focus on building on our strong customer relationships and leveraging our channel partnerships to expand our market presence. We are beginning to see increased business from our distribution channels and we continue to prove that even with some general market uncertainty we are able to be profitable at varying levels of revenue. The recent announcement of the pending C Enterprises acquisition reflects our commitment to grow both organically and through strategic acquisitions of companies that give us access to new capabilities, product sets, customers, and market segments.”

For earnings history and earnings-related data on RF Industries (RFIL) click here.