Optical Cable Q3 sales rise on firm demand in enterprise, data center markets
OCC•Profit improves on manufacturing leverage
Gross profit for fiscal Q3 increased 43.9% year over year, reflecting improved manufacturing operating leverage.
The company said the higher volumes had a positive impact on manufacturing operating leverage. Gross profit came in at $9.10 million.
Higher operating costs and quarterly results
SG&A expenses increased mainly due to higher employee, sales personnel and shipping costs.
The company reported net income of $1.86 million, or $0.21 per share, for fiscal Q3. Income from operations was $2.11 million and pretax profit was $1.87 million.
In the press release, the company did not provide specific guidance for the current or upcoming periods.
Q3 sales rise on enterprise and data center demand
Optical Cable said fiscal third-quarter sales rose 22% year over year, driven by enterprise and data center markets.
The U.S. fiber optic cabling maker said increased demand in enterprise, data center and specialty markets drove the sales growth.
