Micropac Industries, Inc. Reports Earnings Results for the Third Quarter Ended August 24, 2019
October 08, 2019 at 05:24 pm EDT
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Micropac Industries, Inc. announced earnings results for the third quarter ended August 24, 2019. For the third quarter, the company announced sales was USD 7.252 million compared to USD 5.002 million a year ago. Operating income was USD 1.342 million compared to USD 113,000 a year ago. Net income was USD 1.188 million compared to USD 264,000 a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.1 a year ago. For the nine months, sales was USD 17.966 million compared to USD 13.842 million a year ago. Operating income was USD 2.523 million compared to USD 518,000 a year ago. Net income was USD 2.245 million compared to USD 753,000 a year ago. Basic earnings per share from continuing operations was USD 0.87 compared to USD 0.29 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. 
