Business
OPTICAL CABLE CORPORATION REPORTS FIRST QUARTER OF FISCAL YEAR 2026 FINANCIAL RESULTS
Net Sales Increased 4.4% and Gross Profit Increased 16.1%Compared to Same Period in Prior Year ROANOKE, Va., March 10, 2026 /PRNewswire/ -- Optical Cable
About this update from Optical Cable Corporation
[{"type":"text","content":"Net Sales Increased 4.4% and Gross Profit Increased 16.1%Compared to Same Period in Prior Year ROANOKE, Va., March 10, 2026 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) (\"OCC®\" or the \"Company\") today announced financial results for its first quarter of fiscal year 2026 ended January 31, 2026.\n \n \n \n \n \n \n \nFirst Quarter 2026 Financial ResultsConsolidated net sales for the first quarter of fiscal year 2026 increased 4.4% to $16.4 million, compared to $15.7 million for the same period in the prior year. OCC experienced an increase in net sales in both its enterprise and specialty markets during the first quarter of fiscal year 2026, compared to the first quarter of fiscal year 2025.Net sales to customers outside of the United States increased 18.0% and net sales to customers in the United States increased less than one percent in the first quarter of fiscal year 2026, compared to the same period last year. At the end of the first quarter of fiscal year 2026, the Company's sales order backlog/forward load increased to $10.4 million when compared to $7.3 million as of October 31, 2025.Gross profit increased 16.1% to $5.4 million in the first quarter of fiscal year 2026, compared to $4.6 million for the same period in fiscal year 2025, as a result of increased volumes and the resulting positive impact of OCC's manufacturing operating leverage. Gross profit margin, or gross profit as a percentage of net sales, increased to 32.7% in the first quarter of fiscal year 2026, compared to 29.4% in the first quarter of fiscal year 2025.SG&A expenses increased to $5.6 million in the first quarter of fiscal year 2026, compared to $5.5 million for the first quarter of fiscal year 2025, primarily due to increases in employee and contracted sales personnel-related costs and shipping costs.For the first quarter of fiscal year 2026, OCC recorded a net loss of $0.05 per basic and diluted share, or $398,000, an improvement compared to a net loss of $0.14 per basic and diluted share, or $1.1 million, for the first quarter of fiscal year 2025.Management's Comments Neil Wilkin, President and Chief Executive Officer of OCC, said, \"OCC is off to a solid start in fiscal year 2026. During the first quarter, we delivered net sales and gross profit growth, largely driven by increased demand across our enterprise and specialty market...