January 17, 2017 9:41 PM 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 of physical and cyber solutions and products worldwide. It operates through three segments: Perimeter Products, Turnkey Projects, 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 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 a...

Industrial Zone

PO Box 70

Yehud,  5610001

Israel

Founded in 1965

328 Employees

Phone:

972 3 539 1444

Key Executives for Magal Security Systems Ltd.

Chief Executive Officer and President
Age: 43
Total Annual Compensation: $190.3K
Compensation as of Fiscal Year 2015.

Magal Security Systems Ltd. Key Developments

Magal Security Systems Ltd. Wins $5.5 Million in New Projects for Integrated Security Systems

Magal Security Systems Ltd. announced it has recently won a series of projects, amounting to over $5.5 million. The projects include the upgrade and support of the integrated security systems for the 2017 African Cup of Nations Games. Magal originally provided the current systems to the games committee for the 2012 games. This new project was awarded to Magal in the final days of 2016. It requires Magal's unique expertise in order to successfully complete the upgrade in the short timeframe available for the opening of the Games, scheduled for January 14, 2017. The project also requires ongoing support throughout the 2017 Games. In addition, Magal was awarded a project to supply and install an integrated security system, distributed at several critical sites in Latin America. This project will be performed by Magal's wholly owned subsidiary in Latin America and is expected to be delivered throughout 2017.

Magal Security Systems, Ltd. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2016

Magal Security Systems Ltd. announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2016. For the quarter, the company reported revenue of $21,341,000, operating income of $1,576,000, income before income taxes of $1,085,000, net income of $682,000, net income attributable to Magal shareholders' of $647,000, basic and diluted net earnings per share of $0.04 compared to the revenue of $17,011,000, operating income of $1,288,000, income before income taxes of $2,046,000, net income of $874,000, net income attributable to Magal shareholders' of $864,000, basic and diluted net earnings per share of $0.05 for the same quarter a year ago. For the year to date, the company reported revenue of $47,573,000, operating loss of $28,000, loss before income taxes of $1,075,000, net loss of $1,827,000, net loss attributable to Magal shareholders' of $1,841,000, basic and diluted net loss per share of $0.11 compared to the revenue of $44,466,000, operating income of $1,467,000, income before income taxes of $1,971,000, net income of $592,000, net income attributable to Magal shareholders' of $604,000, basic and diluted net earnings per share of $0.04 for the same period a year ago.

Magal Security Systems Ltd. to Report Q3, 2016 Results on Nov 29, 2016

Magal Security Systems Ltd. announced that they will report Q3, 2016 results at 4:08 PM, GMT Standard Time on Nov 29, 2016

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