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NSYS — Nortech Systems News Story

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Nortech Systems Q4 net sales rise; co returns to profit

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

MetricBeat/MissActualConsensus Estimate
Q4 Sales$30.3 mln
Q4 Net Income$897,000
Q4 Basic EPS$0.32
Q4 Pretax Profit$681,000
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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