July 23, 2017 3:49 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Magal Security Systems Ltd.

Company Overview

Magal Security Systems Ltd. develops, manufactures, markets, and sells perimeter intrusion detection sensors, physical barriers, video analytics and video management systems, and cyber security products and systems worldwide. It operates through three segments: Perimeter Products, Turnkey Projects, and Video and Cyber Security. The company offers perimeter security products that enable customers to monitor, limit, and control access by unauthorized personnel to specific regions or areas. Its perimeter security systems include fence mounted detection systems; detection grids, gates, and fences to protect water passages, VIP residences, and other outdoor applications; buried sensors; hybrid pe...

Industrial Zone

PO Box 70

Yehud,  5621617

Israel

Founded in 1965

406 Employees

Phone:

972 3 539 1444

Fax:

972 3 536 6245

Key Executives for Magal Security Systems Ltd.

Chief Executive Officer and President
Age: 44
Total Annual Compensation: $269.0K
Deputy Chief Executive Officer, Chief Technology Officer and President of Senstar Corporation
Age: 60
Total Annual Compensation: $186.0K
Senior Vice President and General Manager of Magal Israel
Age: 43
Total Annual Compensation: $148.0K
Compensation as of Fiscal Year 2016.

Magal Security Systems Ltd. Key Developments

Magal Security Systems Ltd. Wins $9.8 Million Orders for Integrated Security Solutions for Seaports

Magal Security Systems Ltd. announced that it has recently received a total of $9.8 million in orders to provide integrated security solutions and maintenance for three major seaports in the EMEA region. One of the orders is for the Port of Huelva in Spain, the largest in the Spanish Seaport System, involving intrusion detection smart fences and advanced CCTV cameras.

Magal Security Systems, Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017

Magal Security Systems Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. Revenues for the first quarter of 2017 were $14.3 million, an increase of 14% compared with revenues of $12.6 million in the first quarter of 2016. Operating loss for the first quarter of 2017 was $0.9 million compared to operating income of $0.6 million in the first quarter of 2016. Net loss attributable to Magal shareholders in the first quarter of 2017 was $3.7 million, or $0.16 per basic and diluted share, compared with a net loss attributable to Magal shareholders of $0.5 million, or $0.03 per basic and diluted share in the first quarter of 2016. EBITDA in the first quarter of 2017 was a negative $0.4 million, compared to a positive EBITDA of $0.9 million in the first quarter of 2016. Loss before income taxes was $3.5 million against $0.24 million reported last year.

Magal Security Systems Ltd. to Report Q1, 2017 Results on May 30, 2017

Magal Security Systems Ltd. announced that they will report Q1, 2017 results at 9:00 AM, Eastern Daylight on May 30, 2017

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