RF Industries, Ltd. (NASDAQ:RFIL) Q3 2019 Earnings Conference Call - Final Transcript

Sep 12, 2019 • 04:30 pm ET


RF Industries, Ltd. (NASDAQ:RFIL) Q3 2019 Earnings Conference Call - Final Transcript


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Mark Turfler

receivable balance that resulted from sales growth during our recently completed third quarter. For the first-nine months today, we've provided our shareholders a return on our investment of $0.06 per share cash dividend and we recently declared our 37 consecutive quarterly cash dividend up $0.02 per share.

That concludes my discussion. I'll now turn the call back to Rob.

Robert Dawson

Thank you, Mark. As our financial results illustrate, we continue to execute well in our long-term growth plan. We generated solid sales growth both sequentially and year-over-year in the third quarter. This increase reflects healthy growth both organically and through our recent acquisition. We remained very focused on our key initiatives to leverage our strong customer relationships and channel partnerships to further expand our footprint in the marketplace, as well as to bring more complementary companies into the fold as we march towards our goal of reaching $100 million in sales over the next few years. We appreciate the partnerships with our customers, distributors and suppliers, the hard work of our employees and the support of our shareholders.

With that, I would like to open the floor to questions. Dory, we're ready to take our first question.