barnyarddog
4 years ago
https://www.rfindustries.com/
About RF Industries
RF Industries designs and manufactures a broad range of interconnect products across diversified, growing markets including wireless/wireline telecom, data communications and industrial. The Company's products include RF connectors, coaxial cables, data cables, wire harnesses, fiber optic cables, custom cabling, energy-efficient cooling systems and integrated small cell enclosures.
The Company is headquartered in San Diego, California with additional operations in Long Island, New York, Vista, California, Milford, Connecticut and North Kingstown, Rhode Island.
swanlinbar
6 years ago
RF Industries Announces Schedule of Investor Conferences for May 2019
4:01 pm ET April 30, 2019 (Globe Newswire) Print
via NEWMEDIAWIRE -- RF Industries, Ltd. (NASDAQ: RFIL), a national manufacturer and marketer of interconnect products and systems, today announced it has been invited to present at the following investor conferences in May 2019:
Oppenheimer Emerging Growth Conference
-- Tuesday, May 14th
-- One-on-one meetings only
-- Lotte New York Palace Hotel, New York City
20th Annual B. Riley FBR Investor Conference
-- Wednesday, May 22nd at 7:30 am PT
-- The Beverly Hilton Hotel, Beverly Hills, CA.
RF Industries President and CEO Robert Dawson and CFO Mark Turfler will host one-on-one meetings with institutional investors at these conferences. Meetings can be scheduled through MKR, RF Industries' investor relations firm.
To access a live webcast or replay of the presentation at the B. Riley FBR conference, visit the investor relations section of the company's website at www.rfindustries.com.
About RF Industries
RF Industries designs and manufactures a broad range of interconnect products across diversified, growing markets including wireless/wireline telecom, data communications and industrial. The Company's products include RF connectors, coaxial cables, data cables, wire harnesses, fiber optic cables and custom cabling. The Company is headquartered in San Diego, California with operations in New York and Connecticut. Please visit the RF Industries website at www.rfindustries.com.
Contacts:
RF Industries
Mark Turfler
SVP/CFO
(858) 549â?'6340
rfi@rfindustries.com
MKR Investor Relations Inc.
Todd Kehrli
Analyst/Investor Contact
(323) 468-2300
rfil@mkr-group.com
swanlinbar
6 years ago
RF Industries Reports Sales Growth of 34% and Net Income Growth of 41% in First Quarter of Fiscal 2019
4:00 pm ET March 12, 2019 (Globe Newswire) Print
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 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 31, 2019 on first quarter bookings of $10.9 million
-- Declared $0.02 per share dividend, the Company's 35 consecutive quarterly dividend
Robert Dawson, President and CEO of RF Industries, commented:
"We are pleased to report another strong quarter that includes solid year-over-year growth in both sales and net income. We drove higher sales in both reporting segments over the prior year with the Custom Cabling segment growing 38% and the RF Connector segment growing 24% in what is seasonally our most difficult quarter. These increases are directly related to the channel strategies that we implemented over the past year as part of the strategic transformation of our business. We continue to focus on building on our strong customer relationships and leveraging our channel partnerships to expand our market presence. We are beginning to see increased business from our distribution channels and we continue to prove that even with some general market uncertainty we are able to be profitable at varying levels of revenue. The recent announcement of the pending C Enterprises acquisition reflects our commitment to grow both organically and through strategic acquisitions of companies that give us access to new capabilities, product sets, customers, and market segments."
First Quarter Fiscal 2019 Results
Net sales in the first quarter of fiscal 2019 were $10.6 million, an increase of 34%, or $2.7 million, compared to $8.0 million in the first quarter of fiscal 2018. The increase in sales was primarily driven by increased sales at the Company's Custom Cabling Manufacturing segment. The increase in net sales at this segment is primarily attributable to project work in the OEM and wireless carrier markets in addition to an increase in traditional run rate business.
Gross profit for the first quarter was $3.1 million, an increase of $682,000 compared to $2.5 million in the first quarter last year. Gross margins were 30%, the sixth straight quarter with gross margins of at least 30%.
Selling and general expenses were $2.0 million compared to $1.8 million in the first quarter last year, reflecting higher compensation paid as a result of the sales gains at the Custom Cabling segment. Despite this increase in expenses, selling and general expenses as a percentage of sales declined to 19% of sales, compared to 22% of sales in the first quarter last year.
Net income for the first quarter increased 41% to $640,000, or $0.07 per diluted share, compared to net income of $454,000, or $0.05 per diluted share, in the first quarter last year.
Balance Sheet Data; Dividends
At January 31, 2019, the Company reported working capital of $24.8 million, including cash and cash equivalents of $14.0 million, a current ratio of 7.5-to-1 and no outstanding debt.
At its March 8, 2019 meeting, the Company's Board of Directors declared a quarterly cash dividend of $0.02 per common share, payable on April 15, 2019 to stockholders of record on March 31, 2019.
Cash dividends are made at the discretion of the Board of Directors, subject to applicable laws, and depend on a number of factors, including the Company's financial condition, results of operations, capital requirements, plans for future acquisitions, contractual restrictions, general business conditions and other factors considered relevant by our Board of Directors.
Conference Call and Webcast
RF Industries will host a conference call and live webcast today at 1:30 p.m. Pacific Daylight Time (4:30 p.m. EDT) to discuss its first quarter 2019 financial results. To access the conference call, dial 800-458-4121 (US and Canada) or 323-794-2093 (International). The conference ID is 3287666. In addition, a live and archived webcast of the conference call will be accessible on the investor relations section of the Company's website at www.rfindustries.com. A phone replay of the conference call will also be available beginning approximately two hours after conclusion of the call and will remain available for two weeks. To access the phone replay, dial 844-512-2921 (US and Canada) or 412-317-6671 (International). The replay conference ID is 3287666.
About RF Industries
RF Industries designs and manufactures a broad range of interconnect products across diversified, growing markets including wireless/wireline telecom, data communications and industrial. The Company's products include RF connectors, coaxial cables, wire harnesses, fiber optic cables and custom cabling. The Company is headquartered in San Diego, California with operations in New York and Connecticut. Please visit the RF Industries website at www.rfindustries.com.
Forward-Looking Statements
This press release contains forward-looking statements with respect to future events, including higher sales, increased future demand for the Company's products, improved margins and improved profitability, which are subject to a number of factors that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to: changes in the telecommunications industry; the Company's reliance on certain distributors for a significant portion of anticipated revenues; the impact of existing and additional future tariffs imposed by U.S. and foreign nations; the Company's ability to execute on its new go-to-market strategies and channel models; its ability to expand its OEM relationships; its ability to continue to deliver newly designed and custom fiber optic and cabling products to principal customers; its ability to maintain strong margins and diversify its customer base, and its ability to address the changing needs of the market. Further discussion of these and other potential risk factors may be found in the Company's public filings with the Securities and Exchange Commission (www.sec.gov) including its Form 10-K. All forward-looking statements are based upon information available to the Company on the date they are published and the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or new information after the date of this release.
(tables attached)
free_bee
11 years ago
RF Industries Ltd (NASDAQ: RFIL) reported Q3 diluted EPS of $0.13, versus $0.10 reported last year. Revenue for the quarter came in at $9.6 million, versus $7.3 million reported last year.
Howard Hill, Chief Executive Officer, commented, "We are pleased to report record revenue for the fourth consecutive quarter and continued strong demand for our offerings across all end markets. In particular, we have been focused on growing our custom interconnect solutions to the wireless infrastructure industry. During the quarter, we continued to see the positive impact of this long term strategy with strong sales and profitability in our Cables Unlimited division. Our aim is to continue to provide customized solutions, such as our custom cable product, to new and existing customers that allow them to remain competitive in this space.
http://www.streetinsider.com/Earnings/RF+Industries+Ltd+(RFIL)+Reports+Q3+EPS+of+$0.13/8682368.html
Shadows Rising
12 years ago
Yep that was impressive. I like the yield on this one as well.
For the first quarter ended January 31, 2013, the Company reported net sales of $10,509,000, an increase of $4,950,000, or 89%, as compared to $5,559,000 in the same quarter of fiscal 2012. Consolidated net income for the quarter was a record $1,482,000, or $0.21 per basic and $0.19 per diluted share, compared to consolidated net income of $115,000 or $0.02 per basic and diluted share in the first quarter of 2012.
First Quarter Fiscal 2013 Results
"Our significant growth in revenues and profitability during the first quarter was a result of improved revenues and increased gross margins in each of the four segments of our business. In particular, our Cables Unlimited division continued to see strong demand for its OptiFlex(TM) Hybrid Custom Fiber Optic and DC Power Cabling solution for wireless towers, which resulted in improved gross margins as increased orders and production outpaced fixed manufacturing costs. Our RF Wireless segment also experienced continued growth related to the fulfillment of its previously reported $2.6 million order from the Los Angeles County Fire Department. Finally, selling and general expenses decreased significantly in 2013 as a percentage of sales in spite of $368,000 in charges that were not incurred during the first quarter of 2012. We are optimistic that the second quarter will see growth in both sales and earnings over the second quarter of last year even though RF Wireless sales will decrease from last quarter as we deliver the last installment of the Los Angeles County Fire Department order," said Howard Hill, RFI's CEO.
Sales at Cables Unlimited were $5,392,000 for the first quarter, an increase of $3,948,000, or 273% compared to $1,444,000 in the first quarter of fiscal 2012. Most of the increase in net sales was the result of the recently introduced Optiflex cabling solution, sales of which represented approximately $3,600,000 in the 2013 fiscal quarter. Cables Unlimited did not offer the Optiflex cable products during the first quarter last year. Cables Unlimited reported gross margin of 41% compared to 37% in the same quarter last year. Operating income for Cables Unlimited in the first quarter was $1,495,000, or 28% of sales, compared to operating income of $23,000 in the first quarter of last year.
RF Connector and Cable Assembly segment sales increased by $713,000, or 23% to $3,817,000 in the quarter with gross margin of 54% compared to sales of $3,104,000 with gross margin of 51% in the same quarter last year. Operating income in the first quarter of fiscal 2013 increased to $287,000, or 8% of sales, from $104,000, or 3% of sales in the first quarter of last year. All of the Company's corporate overhead is allocated to the RF Connector and Cable Assembly segment.
First quarter sales at our Medical Cabling and Interconnector segment increased to $686,000 with gross margin of 43% as compared to fiscal 2012 first quarter sales of $674,000. Higher gross margin and lower SG&A drove operating income to $193,000 or 28% of sales, compared to $182,000 in the first quarter of last year.
Our RF Wireless segment sales for the quarter grew 82% to $614,000 compared to $337,000 in the first quarter of fiscal 2012. Gross margin for the first quarter was 61% of sales, compared to 35% of sales last year. Operating income at RF Wireless for the quarter was $86,000, compared to a loss of $108,000 in the first quarter of last year.
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