Electronics supplier Surge Components' Q2 EPS rises as margin improves

SURGE COMPONENTS INC

SPRS

0.00

Overview

US electronic components supplier's Q2 net sales rose 5% yr/yr
Q2 gross profit grew 7.5% with margin expanding to 30.9%
Earnings per share rose to $0.07 from $0.02 a year earlier

Outlook

Company says it is expanding its European sales operation and expects continued growth in that market
Company expects to pursue opportunities within the AI ecosystem, targeting new customers

Result Drivers

SALES GROWTH - Co attributed Q2 sales increase to higher business with new and existing customers
MARGIN EXPANSION - Gross margin improvement driven by higher-margin product sales and customized design capabilities
DISTRIBUTION AND SUBCONTRACTOR CHANNELS - Strengthening of distribution sales channel and subcontractor relationships supported growth

Company press release: ID:nBw4DKrf0a

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Sales		$9.40 mln
Q2 EPS		$0.07
Q2 Gross Margin		30.90%
Q2 Gross Profit		$2.90 mln

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