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February 12, 2016 1:48 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Magal Security Systems Ltd.

Company Overview

Magal Security Systems Ltd. develops, manufactures, and sells safety, security, site management, and intelligence gathering and compilation solutions and products worldwide. It operates through Perimeter Products, Turnkey Projects, and Security segments. The company offers perimeter security systems that enable customers to monitor, limit, and control access by unauthorized personnel to specific regions or areas. Its perimeter security systems include hybrid perimeter intrusion detection systems with physical barrier; fence mounted vibration detection systems; detection grids, gates, and fences to protect water passages, VIP residences, and other outdoor applications; and buried cable sensor...

Industrial Zone

PO Box 70

Yehud,  5610001

Israel

Founded in 1969

328 Employees

Phone:

972 3 539 1444

Key Executives for Magal Security Systems Ltd.

Chief Financial Officer, Senior Vice President of Finance and Secretary
Age: 48
Total Annual Compensation: $305.0K
Senior Vice President of Marketing and Business Development
Age: 64
Total Annual Compensation: $253.0K
Senior Vice President of Global Sales
Age: 50
Total Annual Compensation: $245.0K
Compensation as of Fiscal Year 2014.

Magal Security Systems Ltd. Key Developments

Magal Security Systems, Ltd. Receives Homeland Security Orders Totaling $8.4 Million

Magal Security Systems Ltd. announced that it has received several orders in Israel for homeland security (HLS) infrastructure. The aggregate expected revenue from these orders are approximately $8.4 million, of which one particularly large order makes up over half of this amount. The orders are from a number of existing customers for expansions, maintenance and support.

Magal Security Systems Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Magal Security Systems Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of $17,011,000 compared to $21,474,000 a year ago. Operating income was $1,288,000 compared to $2,630,000 a year ago. Income before income taxes was $2,046,000 compared to $3,949,000 a year ago. Net income attributable to the company’s shareholders was $864,000 compared to $3,634,000 a year ago. Basic and diluted earnings per share were $0.05 compared to $0.22 a year ago. For the nine months, the company reported revenue of $44,466,000 compared to $50,227,000 a year ago. Operating income was $1,467,000 compared to loss of $285,000 a year ago. Income before income taxes was $1,971,000 compared to $792,000 a year ago. Net income attributable to the company’s shareholders was $604,000 compared to $533,000 a year ago. Basic and diluted earnings per share were $0.04 compared to $0.03 a year ago.

Magal Security Systems Ltd. to Report Q3, 2015 Results on Nov 24, 2015

Magal Security Systems Ltd. announced that they will report Q3, 2015 results at 10:00 AM, US Eastern Standard Time on Nov 24, 2015

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