Reports Q3 Net Sales up 21%, Diluted EPS up 200%

RF Industries, Ltd. has reported its financial results for the third quarter of fiscal year 2026, which concluded on July 31, 2026. The company achieved net sales of $23.96 million, marking a 21% increase from $19.8 million in the corresponding prior-year period. This also represents a 16% rise compared to $20.7 million in the second quarter of fiscal 2026.

The company's gross profit margin for the quarter was 35.6%, an improvement of 160 basis points from 34% in the third quarter of fiscal 2025. Operating income saw a significant increase, rising by $1.1 million to $1.8 million, up from $720,000 in the prior year period.

Consolidated net income reached $1.44 million, translating to $0.12 per diluted share, which is a 267% increase from $392,000, or $0.04 per diluted share, in the third quarter of fiscal 2025. Non-GAAP net income was reported as $2.2 million, or $0.19 per diluted share, compared to $1.1 million, or $0.10 per diluted share, in the same period last year.

Adjusted EBITDA for the quarter stood at $2.7 million, an increase from $1.6 million in the prior year period. RF Industries ended the quarter with a backlog of $18.6 million, with third-quarter bookings totaling $22.5 million. As of the date of the report, the backlog had further increased to $19.8 million.