RF Industries (RFIL) Declares $0.02 Quarterly Dividend; 1.1% Yield
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March 12, 2019 4:03 PM EDT
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... More
March 11, 2019 4:31 PM EDT
RF Industries, Ltd, (NASDAQ: RFIL) today announced it has agreed to acquire the business and assets of C Enterprises, a privately owned manufacturer of quality connectivity solutions to telecommunications and data communications distributors. Based in Vista, California, C Enterprises had unaudited revenues of approximately $8.7 million for the twelve-month period ended December 31, 2018. The closing of the acquisition is scheduled to occur on or about March 15, 2019.
Robert Dawson, President and CEO of RF Industries, commented, We are excited to announce the pending acquisition of the operations of C... More
