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Stock impact report

Optical Cable Corporation Reports Fiscal Year And Fourth Quarter 2018 Financial Results

Optical Cable Corporation (OCC) 
US:NASDAQ Investor Relations: occfiber.com/investor-relations
Company Research Source: PR Newswire
ROANOKE, Va., Dec. 19, 2018 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for fiscal year 2018 and its fourth quarter ended October 31, 2018. Fiscal Year 2018 Financial ResultsOCC® grew consolidated net sales 37.0% to $87.8 million in fiscal year 2018—the highest annual net sales in Company history—achieving gross profit growth of 34.0% and increased profitability for the year.  The Company's net sales for fiscal year 2017 was $64.1 million.  The Company increased net sales in its specialty markets in fiscal year 2018, compared to fiscal year 2017, particularly in its wireless carrier and military markets.  This increase was partially offset by a decrease in net sales in the Company's enterprise markets.OCC's increase in net sales during fiscal year 2018 when compared to fiscal year 2017 was driven primarily by significant orders from one customer with whom OCC has done business for a number of years.  OCC's gros Show less Read more
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