Ault reports strongly higher second quarter sales and earnings; One of the best quarterly performances in Ault's history.MINNEAPOLIS--(BUSINESS WIRE)--Dec. 18, 1995--Ault Incorporated today reported earnings of $200,000 or $.09 per share for the second quarter of fiscal 1996 ended November 26, an increase of 150% from $80,000 or $.04 per share in the year-earlier period. Sales rose 31% to $7.7 million in the second quarter. For the first six months of fiscal 1996, earnings increased 111% to $262,000 or $.12 per share, from $124,000 or $.06 per share a year ago. First half sales were up 26% to $14.6 million. The company said it received record orders of $11,698,000 in the second quarter, which pushed its quarter-ending production backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. to $14,257,000, an increase of 39% from $10,256,000 million in the first quarter and also an all-time quarterly record. The company said the combination of strong sales and backlog growth clearly illustrates the magnitude of Ault's order inflow in·flow n. 1. The act or process of flowing in or into: an inflow of water; an inflow of information. 2. during the second quarter. Frederick M. Green, Ault's president and chief executive officer, said new switching power supply Switch´ing power supply n. 1. a device used as part of an electronic device, which transforms electrical current from an AC line circuit to DC for use in electronic devices, and which can use either 110 volt or 220 volt AC line curent. products introduced during the past six to 12 months are accounting for a significant portion of Ault's sales growth. Demand for these products is particularly strong in such applications as local area networks, modems and data collection scanners. Green said the company continued to expand its customer base in the second quarter. New customers include several major data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. companies who are widely recognized as industry leaders. These new customers are expected to generate substantial orders going forward. The majority of Ault's record quarter-ending backlog is scheduled for shipment during the second half, making the company believe the third and fourth quarters are shaping up as strong periods. Order growth is also continuing at brisk Brisk as a proper name may refer to:
Ault is one of the nation's largest independent manufacturers of external power supplies, battery chargers and transformers for the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , computer and medical markets. CONTACT: Frederick M. Green, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 612/493-1900 |
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