Nortech Systems Incorporated (NASDAQ:NSYS)

Disclosure: GeoInvesting is providing this information for your edification and in no way has any affiliation with any promoters and/or newsletters disseminating information on NSYS, nor is GeoInvesting being paid to post this information. At times, the GeoTeam may trade P&D's on a long or short basis, depending on how we feel the momentum of the stocks will be affected by the efforts of stock promoters and any ensuing dumps.

We will now track NSYS based off strong Fourth quarter 2011 results.

Fourth Quarter 2011 Results

• Net sales of $29.1 million for the fourth quarter ended December 31, 2011, a six percent increase over net sales of $27.4 million for the fourth quarter of 2010.
• Net income of $234,783, or $0.09 per diluted common share, in the fourth quarter of 2011, compared with $137,051, or $0.05 per diluted common share, for the same period of 2010.

“Our 2011 fiscal year finished with solid momentum,” said Mike Degen, Nortech Systems’ president and CEO. “Fourth quarter results, in particular, benefited from sales attributed to our Winland acquisition, a favorable product mix and continued cost improvements in our manufacturing operations and supply chain.

“We’re pleased with the progress made in the second half of the year on the continued integration of our two most recent acquisitions,” continued Degen. “The life sciences/medical products facility is beginning to gain traction while our newest EMS contract manufacturing facility retained and expanded its customer base.”

Degen said Nortech’s organic business had mixed results in 2011. Industrial customers were impacted by softness in the semiconductor market and the sluggish economy. Medical OEM customers showed more resilience to economic pressures and Nortech’s defense-sector demand stabilized.

At the start of the 2012, Nortech Systems realigned its sales and marketing, engineering and related support functions to better serve customers, capitalize on recent acquisitions and foster broader collaboration across the company. Nortech is committed to delivering excellence and customer satisfaction through technical expertise, supply chain management skills and advanced business processes.

In conclusion, Degen said Nortech Systems’ objective is to continue outpacing the U.S. EMS industry’s revenue growth through business development efforts with existing and new customers in the company’s three primary markets – industrial, medical and defense.