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Stockreport

Optical Cable Corporation Reports Second Quarter Fiscal 2019 Financial Results

Optical Cable Corp (OCC)  More Company Research Source: PR Newswire
US:NASDAQ Investor Relations: occfiber.com/investor-relations
PDF ROANOKE, Va., June 11, 2019 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its second quarter ended April 30, 2019. OCC reported net sales growth and significant progress in the Company's efforts to enhance throughput and operational efficiency since the first quarter of fiscal year 2019. While OCC did not reach the record-breaking performance achieved in the second quarter of last year, the Company grew net sales in international markets and in many specialty markets during the second quarter of fiscal year 2019.Second Quarter 2019 Financial ResultsConsolidated net sales were $19.0 million in the second quarter of fiscal year 2019, a decrease of 29.5% compared to the record net sales of $26.9 million in the second quarter of fiscal year 2018.  The year-over-year decrease in net sales reflects a number of large orders from one customer in the second quarter of fiscal year 2018 that did not recur at the same le [Read more]

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