Magal Security Systems Ltd. Reports First Quarter 2020 Financial Results
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Magal Security Systems (MAGS) Reports Q1 EPS of $0.02
May 14, 2020 7:04 AM EDTMagal Security Systems (NASDAQ: MAGS) reported Q1 EPS of $0.02, versus ($0.02) reported last year. Revenue for the quarter came in at $17.4 million, versus $21.2 million reported last year.
FIRST QUARTER 2020 RESULTS SUMMARY (all comparisons are to the first quarter of 2019)
Revenue of $17.4 million compared to $21.2 millionGross margin 45.8% compared to 42.3%Operating income of $0.2 million compared to $0.5 millionNet income attributable to Magal's shareholders of $0.4 million compared to a net loss of ($0.6) millionEBITDA of $0.7 million, or EBITDA margin of 4.1% compared to $1.0 million, or EBITDA margin of 4.7%$54.4 million, or $2.35 per... More