Optical Cable Corporation (Nasdaq GM: OCC) reported an 8.9% increase in consolidated net sales for the second quarter of fiscal year 2025, reaching $17.5 million, compared to $16.1 million in the same period last year. The company noted growth in its specialty markets and stability in its enterprise markets. Net sales outside the United States surged by 27.1%, while domestic sales increased by 4.6%. For the first half of fiscal year 2025, net sales saw a 24.3% rise internationally and a 3.5% increase within the U.S., fueled by general market improvements and significant strength in OCC's military markets. The gross profit for the first half was $10.0 million, a 28.5% increase from $7.8 million in the first half of fiscal year 2024. The gross profit margin improved to 29.9%, up from 25.0% in the previous year. The company's sales order backlog grew to $7.2 million by the end of the second quarter, increasing from $6.6 million as of January 31, 2025, and $5.7 million as of October 31, 2024. Sequentially, net sales rose 11.5% in the second quarter compared to the first quarter of fiscal 2025, with sales gains in both enterprise and specialty markets. CEO Neil Wilkin highlighted the positive industry trends and the company's focus on disciplined execution and seizing opportunities to enhance shareholder value as the year progresses.
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