August 01, 2014 10:12 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Magal Security Systems Ltd.

Company Overview

Magal Security Systems Ltd. develops, manufactures, and sells safety, security, site management, and intelligence gathering and compilation solutions and products worldwide. It operates through: Perimeter Products, Turnkey Projects, and Cyber segments. The company offers perimeter security systems that enable customers to monitor, limit, and control access by unauthorized personnel to specific regions or areas. Its perimeter security systems include hybrid perimeter intrusion detection systems with physical barrier; fence mounted vibration detection systems; detection grids, gates, and fences to protect water passages, VIP residences, and other outdoor applications; and buried cable sensors,...

Industrial Zone

PO Box 70

17 Altalef Street

Yehud,  56100

Israel

Founded in 1969

309 Employees

Phone:

972 3 539 1444

Fax:

972 3 536 6245

Key Executives for Magal Security Systems Ltd.

Magal Security Systems Ltd. does not have any Key Executives recorded.

Magal Security Systems Ltd. Key Developments

Magal S3 Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Magal S3 Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. Revenues for the first quarter of 2014 decreased 7% to $12.5 million from $13.5 million for the first quarter of 2013. Gross profit in the quarter was $4.1 million, or 32.7% of revenues, a decrease of 17% compared to gross profit of $5.0 million, or 36.8% of revenues in the first quarter of 2013. The variance in the gross margin between the quarters reflects changes between products and projects in the revenue mix. Operating loss in the quarter was $2.3 million, compared to an operating loss of $0.9 million in the first quarter of 2013. Net loss attributable to shareholders in the quarter was $2.0 million, or $0.12 per basic and diluted share, compared with a net loss of $1.1 million, or $0.07 per basic and diluted share, in the first quarter of 2013. Loss before income taxes was $1.915 million against $1.043 million a year ago.

Magal Security Mulls Acquisitions

Magal Security Systems Ltd. (NasdaqGM:MAGS) is seeking acquisitions. Eitan Livneh, President and Chief Executive Officer, said, "We are actively engaged in pursuing synergistic acquisitions and we hope to realize some of the fruits of these efforts in 2014 and beyond."

Magal Security Systems Ltd. Wins $4.5 Million Contract to Secure a Critical Site in Mexico

Magal Security Systems Ltd. announced that it was awarded a $4.5 million contract to supply a full security solution for a main power distribution center in Mexico. The project will deliver a complete perimeter security system with a DTR taut wire system and a surveillance system, fully integrated by Fortis(4G) - Magal's PSIM (Physical Security Information Management).

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 30, 2014
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