George Risk Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2022
December 15, 2022 at 08:57 pm
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George Risk Industries, Inc. reported earnings results for the second quarter and six months ended October 31, 2022. For the second quarter, the company reported sales was USD 5.62 million compared to USD 5.24 million a year ago. Net income was USD 0.607 million compared to USD 1.69 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.34 a year ago.
For the six months, sales was USD 10.83 million compared to USD 10.2 million a year ago. Net income was USD 1.66 million compared to USD 3.43 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 0.69 a year ago.
George Risk Industries, Inc. is a manufacturer of electronic components. The Company is engaged in the designing, manufacturing, and sale of custom computer keyboards, proximity switches, security alarm components and systems, pool access alarms, EZ Duct wire covers, water sensors, electronic switching devices, high security switches and wire and cable installation tools. Its segments include security alarm products, cable & wiring tools and other products. It also designs and manufactures a range of professional specialty tools for wire and cable installation, which include installation, staging, vision and testing tools; drilling and cutting tools; specialty wire running, pushing and pulling systems; FiberFuse Wire Running Rods & Kits, and spanning and retrieval tools. Its security products are used in alarm system installations in the residential, commercial, industrial, and government sectors. Its specialty services include private labeling and custom manufacturing services.