Last $0.68 USD
Change Today +0.1201 / 21.45%
Volume 13.8K
HEII On Other Exchanges
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As of 5:20 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

hei inc (HEII) Key Developments

HEI Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 28, 2014

HEI Inc. announced unaudited earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported net sales of $7,940,000 against $13,018,000 a year ago. Operating loss was $345,000 against operating income of $1,008,000 a year ago. Loss before income taxes was $429,000 against income before income taxes of $697,000 a year ago. Net loss was $429,000 or $0.04 per diluted share against net income of $678,000 or $0.06 per diluted share a year ago. For the six months period, the company reported net sales of $13,883,000 against $25,534,000 a year ago. Operating loss was $1,169,000 against operating income of $1,898,000 a year ago. Loss before income taxes was $1,326,000 against income before income taxes of $1,348,000 a year ago. Net loss was $1,326,000 or $0.13 per diluted share against net income of $1,315,000 or $0.12 per diluted share a year ago.

Hei Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 29, 2014

HEI Inc. reported unaudited earnings results for the first quarter ended March 29, 2014. For the quarter, the company reported net sales of $5,944,000 compared with $12,516,000 for the same period last year. Operating loss was $823,000 compared with operating income of $890,000 for the same period last year. Loss before income taxes was $896,000 or $0.09 diluted per share compared with income before income taxes of $650,000 or $0.06 diluted per share for the same period last year. Sales declined 53% in the first quarter 2014, compared to the first quarter 2013, as a result of decreased sales in all three of the company's operating divisions.

HEI Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

HEI Inc. announced earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, sales of $8,585,000, compared to $11,426,000 for the fourth quarter of 2012. The company generated a net income of $601,000 compared to a net loss of $245,000 in the fourth quarter of 2012. Sales decreased primarily as a result of lack of follow on orders for the military radio system components in the Victoria division due to delays and reductions in government procurement, which is expected to continue in 2014. Profitability improved primarily as a result of yield and process efficiency improvements in the Victoria division and the Tempe division. For the year, the company reported net sales of $44,778,000 against $40,020,000 a year ago, primarily as a result of increases in the company's Victoria division. Operating income was $2,356,000 against operating loss of $824,000 a year ago. Income before income taxes was $2,040,000 against loss before income taxes of $1,253,000 a year ago. Net income was $1,995,000 against net loss of $1,257,000 a year ago. Diluted earnings per share were $0.18 against diluted loss per share of $0.12 a year ago. Net cash flow provided by operating activities was $3,844,000 against $2,399,000 a year ago, primarily due to the improved profitability as well as significant reductions in inventory as a result of improved inventory management. Additions to property and equipment was $1,287,000 against $1,957,000 a year ago.

HEI, Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 28, 2013

HEI Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 28, 2013. Sales for the third quarter were $10,659,000, compared to $9,882,000 for the third quarter of 2012. The company generated net income of $70,000 or $0.01 per diluted share for the third quarter of 2013 compared to net loss of $503,000 or $0.05 per diluted share for the same period in 2012. Operating income was $308,000 against operating loss of $392,000 a year ago. Income before income taxes was $96,000 against loss before income taxes of $501,000 a year ago. Sales for the first nine months of 2013 were $36,193,000 compared to $28,595,000 for the first nine months of 2012. The company generated net income of $1,385,000 or $0.13 per diluted share for the first nine months ended September 28, 2013 compared to net loss of $1,012,000 or $0.10 per diluted share for the first nine months of 2012. Operating income was $2,207,000 against operating loss of $737,000 a year ago. Income before income taxes was $1,444,000 against loss before income taxes of $1,009,000 a year ago.

HEI Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 29, 2013

HEI Inc. reported consolidated earnings results for the second quarter and six months ended June 29, 2013. Sales for the second quarter of 2013 were $13,018,000, compared to $9,648,000 for the second quarter of 2012. The company generated a net income of $678,000 or $0.06 diluted per share, compared to a net loss of $351,000 or $0.03 diluted per share for the second quarter of 2012. Sales were up 35% in the second quarter 2013 over the second quarter 2012 as a result of increased sales in the company's Victoria division while the Boulder and Tempe division's sales were comparable to second quarter 2012. Operating income was $1,008,000 against operating loss of $267,000 a year ago. EBIT was $697,000 against LBIT of $352,000 a year ago. Sales for the first six months of 2013 were $25,534,000, compared to $18,713,000 for the first six months of 2012. The company generated a year-to-date net income of $1,314,000 or $0.12 diluted per share for the first six months 2013 compared to a net loss of $508,000 or $0.05 diluted per share for the first six months of 2012. Operating income was $1,898,000 against operating loss of $347,000 a year ago. EBIT was $1,347,000 against LBIT of $509,000 a year ago.

 

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