George Risk Industries Inc. Reports Earnings Results for the Quarter Ended July 31, 2014
September 19, 2014 at 02:30 am IST
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George Risk Industries Inc. reported earnings results for the quarter ended July 31, 2014. For the quarter, the company reported net sales for the quarter ended July 31, 2014 to be $2,998,000, an increase of 12.28% from the corresponding quarter last year, net sales for the quarter ended July 31, 2013 were $2,670,000. Net income for the quarter ended July 31, 2014 was at $732,000, an 8.6% increase from the corresponding quarter last year, which showed net income of $674,000.
Earnings per share for the quarter ended July 31, 2014 were $0.15 per common share and $0.13 per common share for the quarter ended July 31, 2013. First quarter sales were steady due to the continued growth with the company customers as well as some of the company distributors customers attaining jobs that specified GRI security products exclusively.
George Risk Industries, Inc. is a manufacturer of electronic components. The Company is engaged in the designing, manufacturing, and sale of custom computer keyboards, proximity switches, security alarm components and systems, pool access alarms, EZ Duct wire covers, water sensors, electronic switching devices, high security switches and wire and cable installation tools. Its segments include security alarm products, cable & wiring tools and other products. It also designs and manufactures a range of professional specialty tools for wire and cable installation, which include installation, staging, vision and testing tools; drilling and cutting tools; specialty wire running, pushing and pulling systems; FiberFuse Wire Running Rods & Kits, and spanning and retrieval tools. Its security products are used in alarm system installations in the residential, commercial, industrial, and government sectors. Its specialty services include private labeling and custom manufacturing services.
GEORGE RISK INDUSTRIES, INC. 
