RF Industries, Ltd. Provides Earnings Guidance for the Fourth Quarter and Full-Year Ended October 31, 2019
December 09, 2019 at 04:01 pm EST
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RF Industries, Ltd. provided earnings guidance for the fourth quarter and full-year ended October 31, 2019. Net sales for the fourth quarter of fiscal 2019 are expected to be approximately $15.5 million, compared to $9.9 million a year ago, an increase of approximately 57% year-over-year. Net income for the fiscal 2019 fourth quarter is expected to be between $700,000 and $800,000, or $0.07 and $0.08 per diluted share respectively, compared to $460,000, or $0.05 per fully diluted share, in the fourth quarter a year ago.
Fiscal 2019 full-year net sales are expected to be approximately $55.3 million, compared to $50.2 million a year ago, an increase of approximately 10% year-over-year. Fiscal 2019 full-year net income is expected to be approximately $3.4 million to $3.5 million, or $0.35 and $0.36 per diluted share respectively, compared to $5.8 million, or $0.61 fully diluted share, a year ago.
RF Industries, Ltd. is a manufacturer and marketer of interconnect products and systems. The Companyâs segments include RF Connector and Cable Assembly (RF Connector) and Custom Cabling Manufacturing and Assembly (Custom Cabling). The RF Connector segment designs, manufactures, markets and distributes a range of RF connector, adapter, coupler, divider, and cable products, including coaxial passives and cable assemblies that are used in telecommunications and information technology, original equipment manufacturers markets and other end markets. The Custom Cabling segment designs, manufactures, markets and distributes custom copper and fiber cable assemblies, complex hybrid fiber optic and power solution cables, electromechanical wiring harnesses, wiring harnesses for a range of applications in a diverse set of end markets, energy-efficient cooling systems for wireless base stations and remote equipment shelters and custom designed, pole-ready 5G small cell integrated enclosures.
RF INDUSTRIES, LTD. 
