Electronics supplier Surge Components' Q2 EPS rises as margin improves - SPRS News | RalliesElectronics supplier Surge Components' Q2 EPS rises as margin improves
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SPRS• Outlook
- Company says it is expanding its European sales operation and expects continued growth in that market
- Company expects to pursue opportunities within the AI ecosystem, targeting new customers
Result drivers
- Sales growth - Co attributed Q2 sales increase to higher business with new and existing customers
- Margin expansion - Gross margin improvement driven by higher-margin product sales and customized design capabilities
- Distribution and subcontractor channels - Strengthening of distribution sales channel and subcontractor relationships supported growth
Quarterly results
- US electronic components supplier's Q2 net sales rose 5% yr/yr
- Q2 gross profit grew 7.5% with margin expanding to 30.9%
- Earnings per share rose to $0.07 from $0.02 a year earlier
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| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Sales | | $9.40 mln | |
| Q2 EPS | | $0.07 | |
| Q2 Gross Margin | | 30.90% |
IBM
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