Inactive Instrument

Torotel, Inc.

Equities

TTLO

US8913051046

Electrical Components & Equipment

Torotel, Inc. Reports Earnings Results for the Third Quarter Ended January 31, 2019

March 13, 2019 at 05:12 pm EDT

Torotel, Inc. announced earnings results for the third quarter ended January 31, 2019. For the third quarter, the company announced sales was USD 4.750 million compared to USD 4.529 million a year ago. Operating loss was USD 370,000 compared to operating Income of USD 31,000 a year ago. Net loss was USD 406,000 compared to USD 307,000 a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.06 a year ago. For the nine months, sales was USD 14.097 million compared to USD 13.742 million a year ago. Operating loss was USD 333,000 compared to USD 533,000 a year ago. Net loss was USD 417,000 compared to USD 671,000 a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.13 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

Chart Torotel, Inc.

Duration

Period

More charts

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.

Sector

Electrical Components & Equipment

More about the company

Sector Electrical Component

	1st Jan change	Capi.
TE CONNECTIVITY LTD.	-0.21%	42.96B
FUJIKURA LTD.	+148.96%	4.73B
XIAMEN FARATRONIC CO., LTD.	+1.47%	2.92B
FANGDA CARBON NEW MATERIAL CO.,LTD	-6.30%	2.7B
MPI CORPORATION	+84.83%	1.16B
ACBEL POLYTECH INC.	-3.89%	1.04B
BEIJING YUANLIU HONGYUAN ELECTRONIC TECHNOLOGY CO., LTD.	-34.98%	1.04B
TOYO TANSO CO., LTD.	+61.96%	1.03B
NINGBO SUNRISE ELC TECHNOLOGY CO.,LTD	-16.00%	900M

Electrical Component