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OCC — Optical Cable News Story

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Optical Cable Q3 sales rise on firm demand in enterprise, data center markets

Optical Cable Q3 sales rise on firm demand in enterprise, data center markets


Overview

  • U.S. fiber optic cabling maker's fiscal Q3 sales rose 22% yr/yr, driven by enterprise and data center markets

  • Gross profit for fiscal Q3 increased 43.9% yr/yr, reflecting improved manufacturing operating leverage

  • Company reported net income of $1.9 mln, or $0.21 per share, for fiscal Q3


Outlook

  • Company did not provide specific guidance for the current or upcoming periods in the press release


Result Drivers

  • MARKET DEMAND - Co said Q3 sales growth was driven by increased demand in enterprise, data center, and specialty markets

  • MANUFACTURING LEVERAGE - Gross profit rose due to increased volumes and resulting positive impact of manufacturing operating leverage

  • HIGHER SG&A COSTS - SG&A expenses increased mainly due to higher employee, sales personnel, and shipping costs


Company press release: ID:nPnd8PGga


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Slight Miss*

$24.30 mln

$24.50 mln (1 Analyst)

Q3 EPS

$0.21

Q3 Net Income

$1.86 mln

Q3 Gross Profit

$9.10 mln

Q3 Income From Operations

$2.11 mln

Q3 Pretax Profit

$1.87 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Reuters Recommended Reads

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  • Sept 6 - Foxconn says third quarter to outperform market expectations on AI strength


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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