Magal Security Systems (MAGS) Reports Q3 EPS of $0.06 on Revenues of $23.9M
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Magal Security Systems Ltd. Reports Third Quarter 2018 Financial Results
November 15, 2018 8:00 AM ESTYEHUD, Israel, Nov. 15, 2018 /PRNewswire/ --Â Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced its financial results for the three and nine months periods ended September 30, 2018. Management will hold an investors' conference call later today (at 9:30am Eastern Time) to discuss the results.
THIRD QUARTER RESULTS SUMMARY
Revenues increased by 75% to $23.9 million, reflecting continued year-over-year revenue growth; Operating income of $2.1 million (margin of 8.7%) compared with a loss of $0.5 million in the third quarter last year; Net income of $1.5 million (margin of... More