Envela Corporation Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 06, 2020 at 05:07 pm EDT
Envela Corporation announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 20.545 million compared to USD 20.937 million a year ago. Operating income was USD 674,882 compared to USD 603,727 a year ago. Net income was USD 566,174 compared to USD 589,527 a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago. For the half year, sales was USD 46.374 million compared to USD 36.956 million a year ago. Operating income was USD 1.971 million compared to USD 1.006 million a year ago. Net income was USD 1.740 million compared to USD 944,162 a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.04 a year ago.