August 23, 2014 12:15 AM ET

Communications Equipment

Company Overview of TESSCO Technologies Inc.

Company Overview

TESSCO Technologies Incorporated architects and delivers products and value chain solutions to organizations for building, operating, and maintaining wireless broadband systems primarily in the United States. It offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding, jumpers, miscellaneous hardware, and mobile antennas build, repair, and upgrade wireless broadband systems; and connector installation, custom jumper assembly, site kitting, and logistics integration services. The company also provides network systems comprising fixed and mobile broadb...

11126 McCormick Road

Hunt Valley, MD 21031

United States

Founded in 1982

Phone:

410-229-1000

Fax:

410-527-0005

Key Executives for TESSCO Technologies Inc.

Founder
Age: 70
Total Annual Compensation: $660.0K
Chief Financial Officer
Age: 43
Total Annual Compensation: $204.8K
Senior Vice President of Performance Systems & Operations
Age: 54
Total Annual Compensation: $302.5K
Senior Vice President of the Product Lines of Business
Age: 63
Total Annual Compensation: $330.0K
Senior Vice President of Global Manufacturer Supply Chain & Ventev Innovations
Age: 59
Total Annual Compensation: $302.5K
Compensation as of Fiscal Year 2014.

TESSCO Technologies Inc. Key Developments

TESSCO Technologies Inc.'s Ventev Wireless Infrastructure Introduces Universal Saddle Bracket

TESSCO Technologies Inc.'s division Ventev Wireless Infrastructure has announced its Wireless Solutions Saddle Bracket designed specifically for the radios used in smart meter upgrades. The new mount was engineered for, and field-tested by, major utilities for efficient, cost-saving and uniform deployments of radios used in Smart Meter upgrades across the country. The Saddle Bracket's unique, adjustable saddle design fits over existing poles with diameters up to 2¾ inches to colocate components such as a battery and antenna with the radio. The bracket is also available to purchase with the pole included. A slotted mounting plate enables precise equipment installation for optimum coverage. Constructed of durable, rust- and weather-resistant aluminum with Iridite coating, it is suitable for deployment in even the harshest environments. The bracket includes pre-drilled holes for grounding lugs to reduce installation time, and a carriage bolt for increased stability.

TESSCO Technologies Inc. Declares Quarterly Cash Dividend, Payable on August 20, 2014; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 29, 2014; Maintains Earnings Guidance for the Fiscal Year 2015

The Board of Directors of TESSCO Technologies Inc. declared a quarterly cash dividend of $0.20 per common share, payable on August 20, 2014 to holders of record on August 6, 2014. The company reported unaudited consolidated earnings results for the first quarter ended June 29, 2014. For the period, the company reported revenues of $152,946,300 against $144,108,800 a year ago. Income from operations was $6,072,400 against $6,963,800 a year ago. Income before provision for income taxes was $6,044,000 against $6,909,200 a year ago. Net income was $3,671,400 or $0.44 diluted earnings per share against $4,292,200 or $0.51 diluted earnings per share a year ago. EBITDA was $7,240,200 or $0.86 diluted per share against $8,176,700 or $0.98 diluted per share a year ago. Adjusted EBITDA was $7,689,800 or $0.91 diluted per share against $8,756,600 or $1.04 diluted per share a year ago. Cash outflow from operations was $2.8 million against $10.4 million a year ago. The company is maintaining EPS guidance for fiscal year 2015 in the range of $2.05 to $2.15.

TESSCO Technologies Inc. to Report Q1, 2015 Results on Jul 23, 2014

TESSCO Technologies Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Jul 23, 2014

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