RF Industries (RFIL) Reports Q4 EPS of $0.07

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Go back to RF Industries (RFIL) Reports Q4 EPS of $0.07

RF Industries Reports Sales Growth of 34% and Net Income Growth of 41% in First Quarter of Fiscal 2019

March 12, 2019 4:01 PM EDT

SAN DIEGO, March 12, 2019 (GLOBE NEWSWIRE) -- RF Industries, Ltd, (NASDAQ: RFIL), a national manufacturer and marketer of interconnect products and systems, today announced its financial results for the first quarter of fiscal 2019 ended January 31, 2019.

First Quarter Fiscal 2019 Financial Highlights:

Net sales increased 34% year over year to $10.6 millionGross 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 shareBacklog of $10.6 million at January 31, 2019 on first quarter bookings of $10.9... More