Hickok Incorporated Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2016; Provides Earnings Guidance for the Fiscal Year 2017
January 05, 2017 at 11:33 pm IST
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Hickok Incorporated reported unaudited earnings results for the fourth quarter and full year ended September 30, 2016. For the quarter, the company reported net sales of $2,692,040 against $1,794,910 a year ago. Income before recovery of income taxes was $1,852,976 against $315,311 a year ago. Net income was $5,152,576 or $2.70 per diluted share against $315,311 or $2.70 per diluted share a year ago. Adjusted net income was $354,402 or $0.19 per diluted share against $315,311 or $0.19 per diluted share a year ago.
For the full year, the company reported net sales of $6,645,780 against $5,852,924 a year ago. Income before recovery of income taxes was $1,333,248 against loss before recovery of income taxes of $122,377 a year ago. Net income was $4,632,848 or $2.38 per diluted share against net loss of $122,377 or $0.07 per diluted share a year ago. Adjusted net loss was $165,326 or $0.09 per diluted share against $122,377 or $0.07 per diluted share a year ago.
The company provided earnings guidance for the fiscal year 2017. The company announced that Federal Hose has a history of profitable operations that are expected to continue in the future and are expected to result in a profitable fiscal 2017 for the company.
Crawford United Corporation is a holding company providing specialty industrial products to diverse markets, including healthcare, aerospace, defense, education, transportation, and petrochemical. The Company's Commercial Air Handling Equipment segment is engaged in designing, manufacturing, and installing customized, large-scale commercial, institutional, and industrial air handling solutions, primarily for hospitals and universities. The custom air handling equipment is designed, manufactured and installed under the brand names FactoryBilt and SiteBilt. Its Industrial & Transportation Products segment provides precision components to customers in the aerospace and defense industries, as well as a full line of branded metal, silicone, plastic, rubber, hydraulic, marine and fuel hose products. It also offers materials engineering solutions. Its engineered coatings provide a protective shield for aircraft engine components, locomotive parts, dental implants, and other applications.
Hickok Incorporated Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2016; Provides Earnings Guidance for the Fiscal Year 2017