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As of 8:10 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

nortech systems inc (NSYS) Key Developments

Nortech Systems Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Nortech Systems Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $28,037,865 against $27,389,275 a year ago. Income from operations was $473,490 against $376,181 a year ago. Income before income taxes was $370,697 against $304,917 a year ago. Net income was $332,697 against $217,917 a year ago. Net income per basic and diluted common share was $0.12 against $0.08 a year ago. For the nine months, the company reported net sales of $81,595,474 against $81,765,375 a year ago. Income from operations was $1,056,888 against $972,909 a year ago. Income before income taxes was $738,555 against $710,226 a year ago. Net income was $665,555 against $546,226 a year ago. Net income per basic and diluted common share was $0.24 against $0.20 a year ago.

Nortech Systems Inc. to Report Q3, 2014 Results on Nov 05, 2014

Nortech Systems Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 05, 2014

Nortech Systems Inc., Q3 2014 Earnings Call, Nov 06, 2014

Nortech Systems Inc., Q3 2014 Earnings Call, Nov 06, 2014

Nortech Systems Incorporated Announces Resignation of William A. Klein from the Board of Directors

Nortech Systems Incorporated announced that on October 7, 2014, William A. Klein resigned from the board of directors of the company for personal reasons.

Nortech Systems Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Nortech Systems Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. The company reported net sales of $27.4 million for the second quarter ended June 30, 2014, up 5% sequentially from the prior quarter and compared with $28.5 million for the second quarter of 2013. Income from operations was $0.3 million against $0.4 million a year ago. Income before income taxes was $0.2 million against $0.3 million a year ago. The company's net income for the second quarter of 2014 rose 32 percent to $247,000, or $0.09 per diluted common share, compared with net income of $187,000, or $0.07 per diluted common share, for the same period last year. Results for the second quarter of 2014 included a $100,000 benefit from a favorable tax audit settlement. For the six months ended June 30, 2014, the company reported net sales of $53.6 million, compared with $54.4 million for the same period in 2013. Net income for the six-month period ended June 30, 2014, was $333,000, or $0.12 per diluted common share, compared with $328,000, or $0.12 per diluted common share, for the same period in 2013. Income from operations was $0.6 million against $0.6 million a year ago. Income before income taxes was $0.4 million against $0.4 million a year ago. For the six months ended June 30, 2014, Nortech Systems reported net sales of $53.6 million, compared with $54.4 million for the same period in 2013. Net income for the six-month period ended June 30, 2014, was $333,000, or $0.12 per diluted common share, compared with $328,000, or $0.12 per diluted common share, for the same period in 2013.

 

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