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Nortech Systems Inc. (NSYS)
NASDAQ:NSYS
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -12.80%
|Next Earnings Date:Aug 15, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a challenging quarter with declines in net sales, gross profit, and adjusted EBITDA. However, there were positive developments in facility optimization, cost savings, and technological advancements. Despite the near-term challenges, the company remains optimistic about long-term growth prospects.Company Guidance
During the Nortech Systems Q3 2024 earnings call, executives highlighted several key financial metrics and strategic initiatives impacting the company's performance and future outlook. Net sales for the third quarter totaled $31.4 million, marking a 5.9% decrease from the $33.4 million reported in Q3 2023. Year-to-date net sales reached $99.5 million, down 3.6% from the previous year. The company faced headwinds in its industrial and medical segments, leading to reduced customer backlog. Gross profit for Q3 2024 was $3.8 million or 12.2% of net sales, compared to $5.3 million or 15.9% in the prior year, due to lower sales and reduced facility utilization. Despite these challenges, Nortech pursued facility optimizations, expecting to save at least $1.6 million annually starting in 2025. Adjusted EBITDA for Q3 2024 was $143,000, a decline from $1.6 million in Q3 2023, while year-to-date adjusted EBITDA stood at $2.7 million. The company also focused on consolidating operations to align with market demand, completing a 30% reduction in Maple Grove lease space and moving production from Blue Earth to Bemidji, Minnesota, anticipating cash restructuring charges between $650,000 and $750,000 in 2024.Facility Optimization and Cost Savings
Facility optimization activities, including the closure of the Blue Earth, Minnesota facility and a 30% reduction in Maple Grove lease space, will result in at least $1.6 million in annual savings in 2025 and beyond.
Aerospace and Defense Revenue Growth
Strong revenue growth in the Aerospace and Defense category was observed during the year-to-date period.
Investment in Business Development
Completion of staffing the industry-specific business development team, driving impressive business quotes and opportunities.
Technological Advancements and Innovation
Development of innovative technologies such as Expanded Beam Xtreme (EBX) fiber optic technology and Active Optical Xtreme (AOX), which improve digital connectivity solutions.
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NSYS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NSYS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $11.80 | $10.24 | -13.22% |
| Aug 08, 2024 | $13.77 | $13.10 | -4.87% |
| May 16, 2024 | $12.07 | $11.36 | -5.88% |
| Mar 20, 2024 | $10.69 | $13.40 | +25.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nortech Systems Inc. (NSYS) report earnings?
Nortech Systems Inc. (NSYS) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Nortech Systems Inc. (NSYS) earnings time?
Nortech Systems Inc. (NSYS) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NSYS EPS forecast?
Currently, no data Available
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