RF Industries (RFIL) Reports Q3 EPS of $0.09

RF Industries (NASDAQ: RFIL) reported Q3 EPS of $0.09, versus $0.03 reported last year. Revenue for the quarter came in at $9.89 million versus the consensus estimate of $7.03 million.

Robert Dawson, President and CEO of RF Industries, commented:

“Our record annual sales and net income in fiscal 2018 reflect the significant progress we made this past year with the strategic transformation of our business. These positive results include solid fourth quarter income from operations and record income from operations for the fiscal year. As part of our ongoing focus on realigning operations and driving profitable growth, we divested our Comnet division at the end of the fourth quarter, which reduced sales redundancies, improved margins, enhanced our profitability, and increased our total available cash. Our offering of high-quality products, flexibility in design, and fast turn-around time is resonating in the market, and our continued focus in fiscal 2019 will be to build on our strong customer relationships and leverage our channel partnerships to further expand our market presence in a profitable manner.”

For earnings history and earnings-related data on RF Industries (RFIL) click here.

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