RF Industries Reports First Quarter Fiscal Year 2026 Financial Results

About this update from Rf Industries, Ltd.

SAN DIEGO, CA / ACCESS Newswire / March 16, 2026 / RF Industries, Ltd, (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced financial results for the first quarter of fiscal year 2026 ended January 31, 2026. First Quarter Fiscal 2026 Highlights and Operating Results: See "Note Regarding Use of Non-GAAP Financial Measures," "Unaudited Reconciliation of GAAP to non-GAAP Net Income," "Unaudited Reconciliation of Net Income to Adjusted EBITDA" and the description of bookings and backlog below for additional information. Management Commentary "Our first quarter results demonstrated continued progress in strengthening the profitability and operating discipline of RF Industries while overcoming the normal seasonality. Net sales in the first quarter were $19 million kicking off a solid start to fiscal year 2026. The key takeaway this quarter was the meaningful improvement in our profitability. While sales were basically flat year-over-year, our gross profit margin improved 250 basis points, which translated into operating income that more than tripled to $177,000 and adjusted EBITDA that increased 22% to $1.1 million. This quarter's strong performance reflected better price realization across our portfolio along with operational efficiencies, and our ongoing focus on cost control," said Robert Dawson, Chief Executive Officer of RF Industries. "I'm extremely pleased with our team's strong execution on our strategic plan to diversify our customer base and end markets, while staying laser-focused on increasing profitability. When I look at our roster of customers, I believe we are gaining traction with many new and well-known names both in and beyond our traditional markets. If we successfully continue to move into new verticals - wireline, cable, aerospace, and datacenters - our opportunity set should expand significantly. Furthermore, I believe that our higher value solutions are grabbing attention and showing momentum across several end markets and applications. Following a landmark fiscal 2025, our team is even more excited about 2026. We feel confident that we can execute against our strategic priorities, and similar to 2025, with the significant increase in our backlog, we expect revenue growth to accelerate in the back half of the year," conclude...

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