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Magal Security Systems (MAGS) Message Board

  • ruggedizedben ruggedizedben Jul 26, 2008 5:25 PM Flag

    Backlog $64.9 million as of May 31, 2008

    Last year Magal had a May 2007 backlog of $30 million of which they approximated $24.6 million was billed in the remaining 3 reported quarters. That $24.6 million was less than half of the $58 million Magal had in the 2nd, 3rd and 4th quarters. If Magal can match the 2007's $27.4 million they had in non-backlog business in the remaining 3 quarters They will finish the year with about $100 million in very profitable revenue.



    This year they expect to bill $45.6 million from backlog from June 1 to December 31st. If they only ad another $28 million in business the company will eclipse the $100 million revenue mark vs. $72 million in 2007 and the mid-$60 million range in the recent prior years.



    2007 was a confusing year. The company generated nearly $10 million in cash from operations. That profit did not accurately reflect in the EPS numbers. By the time the market figures Magal's earnings power, it should be near a major breakout.









    "As of May 31, 2008, our backlog amounted to approximately $64.9 million of which approximately $45.6 million is expected to be delivered by the end of 2008, $18.7 million is expected to be delivered by the end of 2009 and $586,000 million is expected to be delivered thereafter."



    Compared to:



    "As of May 31, 2007, our backlog amounted to approximately $30 million of which

    approximately $24.6 million is expected to be delivered by the end of 2007, $3.3 million is

    expected to be delivered by the end of 2008 and $2.1 million is expected to be delivered

    thereafter."

 
MAGS
3.6999+0.0039(+0.11%)Jul 9 10:31 AMEDT

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