Overview
U.S. engineering and manufacturing firm's Q4 net sales rose 5.9% yr/yr to $30.3 mln
Company posted Q4 net income of $897,000, reversing a loss a year earlier
Q4 adjusted EBITDA of $1.2 mln, from a loss in prior-year quarter
Outlook
Company says positioned well to support customers pursuing nearshore manufacturing strategies
Result Drivers
OPERATIONAL IMPROVEMENTS - Co attributed improved Q4 results to higher gross margins, manufacturing efficiency and quality metrics
CUSTOMER BACKLOG - Management said growing customer backlog and transfer of key programs to optimized facilities supported performance
Company press release: ID:nGNX1Cl6yk
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
$30.3 mln
Q4 Net Income
$897,000
Q4 Basic EPS
$0.32
Q4 Pretax Profit
$681,000
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)