November 18, 2017 7:16 PM ET

Communications Equipment

Company Overview of TESSCO Technologies Incorporated

Company Overview

TESSCO Technologies Incorporated architects and delivers products and value chain solutions to support wireless systems in the United States. It offers 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 dist...

11126 McCormick Road

Hunt Valley, MD 21031

United States

Founded in 1982

772 Employees

Phone:

410-229-1000

Fax:

410-527-0005

Key Executives for TESSCO Technologies Incorporated

President, Chief Executive Officer & Director
Age: 60
Total Annual Compensation: $319.4K
Founder & Executive Chairman
Age: 73
Total Annual Compensation: $700.0K
CFO, Senior VP & Corporate Secretary
Age: 46
Total Annual Compensation: $275.0K
Senior Vice President of Performance Systems & Operations
Age: 57
Total Annual Compensation: $345.0K
Senior Vice President of Retail Sales & Product Marketing
Age: 50
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2017.

TESSCO Technologies Incorporated Key Developments

TESSCO Technologies Incorporated Presents at Three Part Advisors Southwest IDEAS Investor Conference, Nov-15-2017 08:40 AM

TESSCO Technologies Incorporated Presents at Three Part Advisors Southwest IDEAS Investor Conference, Nov-15-2017 08:40 AM. Venue: the Westin Dallas Downtown, Dallas, Texas, United States.

TESSCO Technologies Incorporated Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 24, 2017

TESSCO Technologies Incorporated announced unaudited consolidated earnings results for the second quarter and six months ended September 24, 2017. For the fiscal 2018 second quarter, revenues totaled $145,083,500, compared with $134,633,800 for the second quarter of fiscal 2017. The increase in revenues as compared to the prior-year period resulted primarily from a significant increase in sales to the public carrier ecosystem, although sales in all commercial markets grew. Net income and basic and diluted earnings per share (EPS) were $1,773,900 and $0.21, respectively, for the second quarter of fiscal 2018, compared with net income and basic and diluted EPS of $994,200 and $0.12 respectively, for the prior-year second quarter. Income from operations was $3,248,700 compared with $2,046,100 a year ago. Income before provision for income taxes was $3,092,200 against $2,028,900 a year ago. EBITDA was $4,290,100 or $0.51 per diluted share compared with $3,145,000 or $0.38 per diluted share a year ago. EBITDA, adjusted was $4,544,400 or $0.54 per diluted share against $3,221,600 or $0.39 per diluted share a year ago. For the six months, the company reported revenue of $285,094,300 against $263,493,800 a year ago. Income from operations was $4,534,000 compared with $2,196,400 a year ago. Income before provision for income taxes was $4,308,900 against $2,167,800 a year ago. Net income was $2,456,800 compared with $1,074,700 a year ago. Basic and diluted earnings per share were $0.29 against $0.13 a year ago. EBITDA was $6,565,000 or $0.78 per diluted share compared with $4,472,000 or $0.54 per diluted share a year ago. EBITDA, adjusted was $7,066,900 or $0.84 per diluted share against $4,664,400 or $0.56 per diluted share a year ago.

TESSCO Technologies Incorporated Declares Quarterly Cash Dividend, Payable on November 22, 2017

The Board of Directors of TESSCO Technologies Incorporated has declared a quarterly cash dividend of $0.20 per common share payable on November 22, 2017 to common stockholders of record on November 8, 2017.

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