Mar. 10 at 12:18 PM
$OCC Optical Cable Corporation reports Q1 EPS (14c) vs. (18c) last year
Reports Q1 revenue
$15.7M vs.
$14.9M last year. OCC experienced increases in net sales in both its enterprise and specialty markets during the first quarter of fiscal year 2025, compared to the first quarter of fiscal year 2024. The market environment generally improved in the company's first quarter, with particular strength noted in OCC's military markets. Neil Wilkin, President and CEO of OCC, said, "I'm proud of the OCC team, which delivered a strong start to fiscal year 2025 in a dynamic market environment.
During our first fiscal quarter, we achieved growth across key metrics including net sales and gross profit. We have strong momentum in our enterprise and specialty markets, including the military sector. Our focus on executing our growth strategies and operating efficiently will drive results this year, including gross profit margin expansion with increased volume. Looking ahead, OCC's backlog is growing, and we are poised to capitalize on growth opportunities and drive long-term value for our customers and shareholders."
