Micropac Industries, Inc. Reports Earnings Results for the Second Quarter Ended May 25, 2019
July 09, 2019 at 03:12 pm EDT
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Micropac Industries, Inc. announced earnings results for the second quarter ended May 25, 2019. For the second quarter, the company announced sales was USD 6.908 million compared to USD 4.989 million a year ago. Operating income was USD 1.430 million compared to USD 335,000 a year ago. Net income was USD 1.251 million compared to USD 502,000 a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.19 a year ago. For the half year, sales was USD 10.714 million compared to USD 8.841 million a year ago. Operating income was USD 1.181 million compared to USD 405,000 a year ago. Net income was USD 1.057 million compared to USD 490,000 a year ago. Basic earnings per share from continuing operations was USD 0.41 compared to USD 0.19 a year ago.
Micropac Industries, Inc. is engaged in designing, manufacturing, and distributing various types of microelectronic circuits, including solid state relays and power controllers, optoelectronic components, and sensor and display components and assemblies. The Company's products are used as components and assemblies in a broad range of military, space, medical and commercial systems, including aircraft instrumentation and navigation systems, satellite systems, power supplies, electronic controls, computers, medical devices, and high-temperature (200 degree Celsius) products. The Company's products are either custom (being application-specific circuits designed and manufactured to meet the requirements of a single customer) or standard proprietary components. It provides microelectronics, sensors and displays, and optoelectronics products, to include components and assemblies that offer a wide range of products sold to the industrial, medical, military, aerospace, and space markets.
MICROPAC INDUSTRIES, INC. 
