Overview
LGL Group Q3 revenue declined 6% yr/yr, with no analyst estimates provided
Net income for Q3 rose significantly due to lower costs and tax benefits
Company returned $366,000 to shareholders via share repurchases in Q3
Outlook
LGL Group continues to focus on emerging opportunities with P3 Logistics and MGHL
P3 Logistic Solutions to continue field trials into Q1 2026
LGL Group progresses with Morgan Group Holding Co. acquisition
Result Drivers
MANUFACTURING COSTS - Lower manufacturing costs contributed to increased net income
INCOME TAX BENEFIT - Net income boosted by reversal of uncertain tax position
HIGHER MARGIN PRODUCTS - Sales of higher margin products increased gross margin
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | $0.14 | ||
Q3 Net Income | $794,000 |
Press Release: ID:nNFC4y44rC
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)