Inactive Instrument

Torotel, Inc.

Equities

TTLO

US8913051046

Electrical Components & Equipment

Torotel, Inc. Reports Earnings Results for the Full Year Ended April 30, 2020

July 28, 2020 at 05:05 pm EDT

Torotel, Inc. announced earnings results for the full year ended April 30, 2020. For the full year, the company announced sales was USD 26.133 million compared to USD 20.555 million a year ago. Operating income was USD 885,000 compared to USD 767,000 a year ago. Net income was USD 714,000 compared to USD 642,000 a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.11 a year ago.

Latest news about Torotel, Inc.

Torotel, Inc. Announces Board and Committee Resignations	20-11-10	CI
TT Group Industries, Inc. completed the acquisition of Torotel, Inc. from a group of shareholders.	20-11-09	CI
TT Group Industries, Inc. reached an agreement in principle to acquire Torotel, Inc. from group of shareholders for $37 million.	20-09-10	CI
Torotel, Inc. Reports Earnings Results for the Full Year Ended April 30, 2020	20-07-28	CI
Standex International Corporation cancelled the acquisition of Torotel, Inc..	20-03-31	CI
Torotel, Inc. Reports Earnings Results for the Third Quarter Ended January 31, 2020	20-03-16	CI
Torotel, Inc. Reports Earnings Results for the Second Quarter Ended October 31, 2019	19-12-12	CI
Standex International Corporation entered into a definitive agreement to acquire Torotel, Inc. for $46.6 million.	19-12-01	CI
Torotel, Inc. Reports Earnings Results for the Full Year Ended April 30, 2019	19-07-23	CI
Torotel, Inc. Reports Earnings Results for the Third Quarter Ended January 31, 2019	19-03-13	CI
Torotel, Inc. Enters into Three New Business Loan Agreements with Cornerstone Bank	18-10-25	CI
Torotel, Inc. Appoints S. Scott Still to Serve on the Boards Compensation and Nominating Committee	18-03-02	CI
Torotel Inc. Appoints S. Scott Still as Member of the Board	18-02-16	CI
Torotel Inc. Announces Executive Changes, Effective from July 6, 2015	15-06-04	CI

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Company Profile

Torotel, Inc. (Torotel) conducts its business through its subsidiary, Torotel Products, Inc. (Torotel Products). Torotel Products specializes in the custom design and manufacture of a range of precision magnetic components, consisting of transformers, inductors, reactors, chokes, toroidal coils, high voltage transformers, dry-type transformers and electro-mechanical assemblies. Torotel Products sells these products to original equipment manufacturers, which use them in products, such as aircraft navigational equipment, digital control devices, medical equipment, avionics equipment, down-hole drilling, conventional missile guidance systems, and other defense and commercial aerospace applications. Its products are used to modify and control electrical voltages and currents in electronic devices. Torotel Products has a line of approximately 400 hertz (Hz) miniature power transformers. Torotel Products has a primary base of over 20 customers.

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Electrical Components & Equipment

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