RF Industries, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended July 31, 2022
September 15, 2022 at 01:40 am IST
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RF Industries, Ltd. reported earnings results for the third quarter and nine months ended July 31, 2022. For the third quarter, the company reported sales was USD 23.84 million compared to USD 15.26 million a year ago. Net income was USD 0.771 million compared to USD 0.926 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.09 a year ago.
For the nine months, sales was USD 62.27 million compared to USD 36.32 million a year ago. Net income was USD 0.997 million compared to USD 5.37 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.53 a year ago.
RF Industries, Ltd. is a manufacturer and marketer of interconnect products and systems. The Companyâs segments include RF Connector and Cable Assembly (RF Connector) and Custom Cabling Manufacturing and Assembly (Custom Cabling). The RF Connector segment designs, manufactures, markets and distributes a range of RF connector, adapter, coupler, divider, and cable products, including coaxial passives and cable assemblies that are used in telecommunications and information technology, original equipment manufacturers markets and other end markets. The Custom Cabling segment designs, manufactures, markets and distributes custom copper and fiber cable assemblies, complex hybrid fiber optic and power solution cables, electromechanical wiring harnesses, wiring harnesses for a range of applications in a diverse set of end markets, energy-efficient cooling systems for wireless base stations and remote equipment shelters and custom designed, pole-ready 5G small cell integrated enclosures.
RF INDUSTRIES, LTD. 
