RF Industries Fourth Quarter Sales Increase 31%

RF INDUSTRIES, LTD., RFIL today announced results for the fourth quarter and fiscal year ended October 31, 2010. Sales for the fourth quarter ended October 31, 2010 increased 31% to a record $5,001,000, compared to sales of $3,811,000 in the fourth quarter last year. Net income jumped 62% to $435,000, or $0.13 per diluted share, compared to $268,000, or $0.08 per diluted share, in the same quarter last year. "Record fourth quarter sales are attributable to a 13% sales gain at the RF Connector and Cable Division, with strong sales at Connector products, cable assemblies, custom connector products and retail operations. Operating profitability improved due to higher sales and reduced operating expenses, as a percent of sales, primarily associated with a 33% sales gain at RF Connectors and Cable Assembly," said Howard Hill, President and CEO of RF Industries.