TESSCO Technologies Incorporated architects and delivers products and value chain solutions to support wireless systems in the United States. It provides base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems; and connector installation, custom jumper assembly, site kitting, and logistics integration services. The company also offers network systems, such as fixed and mobile broadband radio equipment, wireless networking filtering and di...
11126 McCormick Road
Hunt Valley, MD 21031
Founded in 1982
TESSCO Technologies Inc. Presents at Drexel Hamilton Microcap Investor Forum, Nov-12-2015 01:00 PM
Oct 31 15
TESSCO Technologies Inc. Presents at Drexel Hamilton Microcap Investor Forum, Nov-12-2015 01:00 PM. Venue: Drexel Hamilton, 77 Water Street, Suite 201, New York, NY 10005, United States.
TESSCO Technologies Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 27, 2015; Provides Earnings Guidance for the Third Quarter of Fiscal 2016; Re-Affirms Earnings Guidance for Full Year of Fiscal 2016
Oct 26 15
TESSCO Technologies Inc. reported unaudited consolidated earnings results for the second quarter and six months ended September 27, 2015. For the quarter, the company reported revenues of $142,353,300 against $148,521,800 a year ago. Income from operations was $4,646,300 against $5,866,600 a year ago. Income before provision for income taxes was $4,599,200 against $5,817,200 a year ago. Net income was $2,748,300 or $0.33 diluted earnings per share against $3,513,600 or $0.42 diluted earnings per share a year ago. EBITDA was $5,853,500 or $0.71 diluted per share against $7,051,700 or $0.84 diluted per share a year ago. Adjusted EBITDA was $6,121,500 or $0.74 diluted per share against $7,279,700 or $0.86 diluted per share a year ago. Cash flow from operations was $2.1 million during the second quarter.
For the six months, the company reported revenues of $277,017,300 against $301,468,100 a year ago. Income from operations was $7,505,800 against $11,939,000 a year ago. Income before provision for income taxes was $7,412,400 against $11,861,200 a year ago. Net income was $4,443,600 or $0.54 diluted earnings per share against $7,185,000 or $0.86 diluted earnings per share a year ago. EBITDA was $9,844,300 or $1.19 diluted per share against $14,291,900 or $1.70 diluted per share a year ago. Adjusted EBITDA was $10,244,000 or $1.24 diluted per share against $14,969,500 or $1.78 diluted per share a year ago. Cash flow from operations was $3.9 million.
The company is providing earnings guidance of $0.35 to $0.42 per diluted share for the third quarter of fiscal 2016.
While uncertainty around the timing of builds in the carrier ecosystem continues, the company is re-affirming its prior EPS guidance for full year of fiscal 2016 of $1.05 to $1.25.
TESSCO Technologies Inc. Declares Quarterly Cash Dividend, Payable on November 25, 2015
Oct 26 15
TESSCO Technologies Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share payable on November 25, 2015 to holders of record on November 11, 2015.