Latest news with #operatingProfit
Yahoo
6 days ago
- Business
- Yahoo
RF Industries Ltd (RFIL) Q2 2025 Earnings Call Highlights: Strong Sales Growth and Improved ...
Net Sales: Increased 17% year-over-year to $18.9 million. Gross Profit Margin: Improved to 31.5%, exceeding the target goal of 30%. Operating Profit: Achieved $106,000 compared to an operating loss of $415,000 in the previous year. Adjusted EBITDA: More than $1.1 million with a 6% margin. Backlog: Ended the quarter at $15 million, currently at $18.4 million. Net Loss: $245,000 or $0.02 per diluted share. Non-GAAP Net Income: $701,000 or $0.07 per diluted share. Cash and Cash Equivalents: $3.6 million as of April 30. Working Capital: $12.1 million with a current ratio of approximately 1.6:1. Inventory: Decreased to $12.6 million from $14.7 million last year. Revolving Credit Facility Borrowing: $8 million as of April 30. Warning! GuruFocus has detected 3 Warning Sign with RFIL. Release Date: June 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. RF Industries Ltd (NASDAQ:RFIL) reported a 17% year-over-year increase in net sales, reaching $18.9 million for the second quarter. The company achieved a gross profit margin of 31.5%, surpassing their target goal of 30%. RF Industries Ltd (NASDAQ:RFIL) delivered an operating profit of $106,000, a significant improvement from an operating loss of $415,000 in the same quarter last year. The company's adjusted EBITDA was over $1.1 million with a 6% margin, moving closer to their 10% adjusted EBITDA margin goal. RF Industries Ltd (NASDAQ:RFIL) has a diverse and growing backlog, which increased to $18.4 million, indicating strong future business prospects. RF Industries Ltd (NASDAQ:RFIL) reported a consolidated net loss of $245,000 or $0.02 per diluted share for the second quarter. The company faces uncertainty regarding tariffs and their impact on the supply chain, which could affect future costs. There was a slight sequential decrease in sales by 1.6% compared to the previous quarter. RF Industries Ltd (NASDAQ:RFIL) has some exposure to tariffs from certain products and components sourced from Asia. The company is managing delayed shipments due to tariff impacts, although they have sufficient inventory to meet current delivery dates. Q: What would you credit for the backlog growth, and how much of it will be recognized over the next year? A: Robert Dawson, CEO: The increased backlog is spread across several product areas, indicating a healthy distribution of orders. It's not concentrated in one large order but consists of several orders across various product lines. The backlog serves as a good health indicator, and while some projects may be completed in a short window, others will be spread over multiple quarters. The mix of short and long-term opportunities across different customers and product areas is encouraging. Q: Can you provide a refresher on the contribution of products like cell towers, small cells, and DAS systems? A: Robert Dawson, CEO: We don't report specific contributions, but we perform well in wireless spaces like small cell and DAS systems. Small cell has become a growth engine this year, contributing to year-over-year sales growth. We're also seeing growth in OEM and industrial markets, including aerospace and defense. Our diverse applications are producing meaningful contributions to total sales. Q: What is the expected growth rate for DAS opportunities, and how soon will it be meaningful? A: Robert Dawson, CEO: We track a healthy number of DAS opportunities across various venues, including stadiums, campuses, and medical facilities. The increase in backlog is partly due to success in this market. We feel confident in our performance and have the right integrators and approvals to continue contributing to sales. The diversity of opportunities, ranging from small venues to large stadiums, is beneficial. Q: Can you expand on the wireless provider making up about 11% of revenue for the quarter? A: Robert Dawson, CEO: The top customer in Q2 was different from Q1, reflecting the project-based nature of our business. We're seeing better execution and more mid- to long-term deployments with large dollar values. The growth is attributed to larger wins, and we're seeing several customers contributing significantly to sales. Our customer list is impressive, showcasing our team's capabilities. Q: Can you provide more color on the credit facility and expected savings? A: Peter Yin, CFO: We expect to finalize a new credit facility in Q3 or by year-end, which will result in an interest rate decrease and meaningful savings. This is part of our efforts to improve our financial position and reduce costs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
22-05-2025
- Business
- Bloomberg
Investec Posts Record Dividend as Loan Growth Boosts Profit
Investec will pay a record dividend for the third year in a row after the bank's operating profit surpassed the £1 billion ($1.3 billion) mark for the first time. The specialist lender with operations in the UK and South Africa posted a 7.8% increase in 'pre-provision' adjusted operating profit to £1.04 billion, buoyed by a 5% jump in revenue, it said in a statement on Thursday.
