Magal Security Systems (MAGS) Reports Q4 EPS of $0.13
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Magal Security Systems Ltd. Reports Fourth Quarter & Full Year 2016 Financial Results
March 29, 2017 7:30 AM EDTYEHUD, Israel, March 29, 2017 /PRNewswire/ --Â Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced its financial results for the three month and full year period ended December 31, 2016. Management will hold an investors' conference call later today (at 10am Eastern Time) to discuss the results.
FOURTH QUARTER RESULTS SUMMARY
Revenue grew year-over-year by 5% to $20.3 million; Net income of $2.9 million, up 13% year-over-year; Strong cash flow from operations generating $7.4 million; Record high net cash and equivalents of $52.5 million at year-end;... More