Nortech Systems (NSYS) Reports Q2 EPS of $0.14

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Go back to Nortech Systems (NSYS) Reports Q2 EPS of $0.14

Nortech Systems Reports Second Quarter Results

August 5, 2015 4:00 PM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- Nortech Systems Incorporated (NASDAQ: NSYS) today reported net sales of $26.8 million for the second quarter ended June 30, 2015, compared with net sales of $27.4 million reported in the second quarter of 2014. For the six-month period ended June 30, 2015, Nortechs net sales were $53.3 million, compared with $53.6 million for the same period in 2014.

Our performance and results varied across markets and customers, said Rich Wasielewski, Nortech Systems president and CEO. However, were seeing signs of improvement, including our backlog rising six percent during the second quarter.

Second quarter results were impacted by a less... More