Micropac Industries, Inc. Reports Earnings Results for the Second Quarter Ended May 30, 2020
July 14, 2020 at 01:59 pm EDT
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Micropac Industries, Inc. announced earnings results for the second quarter ended May 30, 2020. For the second quarter, the company announced sales was USD 5.877 million compared to USD 6.908 million a year ago. Operating income was USD 568,000 compared to USD 1.430 million a year ago. Net income was USD 489,000 compared to USD 1.251 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.49 a year ago. For the half year, sales was USD 11.834 million compared to USD 10.714 million a year ago. Operating income was USD 1.347 million compared to USD 1.181 million a year ago. Net income was USD 1.181 million compared to USD 1.057 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.41 a year ago.
Micropac Industries, Inc. is engaged in designing, manufacturing, and distributing various types of microelectronic circuits, including solid state relays and power controllers, optoelectronic components, and sensor and display components and assemblies. The Company's products are used as components and assemblies in a broad range of military, space, medical and commercial systems, including aircraft instrumentation and navigation systems, satellite systems, power supplies, electronic controls, computers, medical devices, and high-temperature (200 degree Celsius) products. The Company's products are either custom (being application-specific circuits designed and manufactured to meet the requirements of a single customer) or standard proprietary components. It provides microelectronics, sensors and displays, and optoelectronics products, to include components and assemblies that offer a wide range of products sold to the industrial, medical, military, aerospace, and space markets.
MICROPAC INDUSTRIES, INC. 
