George Risk Industries, Inc. Second Quarter Results
December 19 2013 - 11:28AM
Marketwired
George Risk Industries, Inc. Second Quarter Results
KIMBALL, NE--(Marketwired - Dec 19, 2013) - George Risk
Industries, Inc., (OTCQB: RSKIA) a leading manufacturer of products
in the security industry, presented net sales for the quarter ended
October 31, 2013, to be $2,920,000, which is an increase of 13.66%
from the corresponding quarter last year. Year-to-date sales were
$5,590,000 at October 31, 2013, which is a 9.37% increase from the
same period last year. Net income for the quarter ended October 31,
2013 was at $1,370,000, a $131.03% increase from the corresponding
quarter last year, which showed net income of $593,000. Net income
for the six months ended October 31, 2013 was $2,024,000, a 96.7%
increase from the same period last year. Net income for the six
months ended October 31, 2012 was $1,029,000. Earnings per common
share for the quarter ended October 31, 2013 were $0.27 per share
and $0.40 per share for the year-to-date numbers. EPS for the
quarter and six months ended October 31, 2012 were $0.12 per share
and $0.20 per share, respectively.
Engineering's work in progress consists of a high security
switch in final stages of testing prototypes, redesigning a mold
for the pool alarm line, a twist lock for recessed steel door
contacts with variety that allows installers to set a precise gap,
and new molding case design for our Current Controller (Cc-15).
This new design will allow us to manufacture a 15-amp version that
can automatically turn on a whole room of lights and a 220-volt
version for international markets. Molding is working on a new
cover design for our 29-series terminal switch. Wireless pool
alarms, wireless switches and sensors continue to be developed.
George Risk Industries, Inc. is engaged in the design,
manufacture and sales to distributors and OEM manufacturers of
custom computer keyboards, push button switches, burglar alarm
components, pool alarms, thermostats, E-Z Duct wire cover, and
hydro sensors. The company has representation in the United States,
Canada, Asia, and EMEA.
Contact
Stephanie M. Risk-McElroy President/CEO/CFO 308-235-4645
800-523-1227
George Risk Industries (PK) (USOTC:RSKIA)
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