Nortech Systems, Inc. (NSYS) Reports Q4 EPS of $0.04
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Nortech Systems Reports Fourth Quarter and Year-End Results
March 8, 2017 4:34 PM ESTFor Fiscal 2016, Sales and Profits Increase
MINNEAPOLIS--(BUSINESS WIRE)-- Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of full-service electronics manufacturing services (EMS), today reported net sales of $29.0 million for the fourth quarter ended December 31, 2016, compared with net sales of $31.4 million for the fourth quarter of 2015. Net sales for the 2016 fiscal year ended December 31 rose one percent, to $116.6 million, compared with $115.2 million reported for fiscal 2015.
For the fourth quarter of 2016, the majority of the revenue decline was from industrial customers in the transportation sector. Profitability was aided by a... More
