Earnings Releases·Nov 12, 2026, 8:30 AM ET

Nortech Systems — Third Quarter 2026 Earnings Summary

Net sales rose 8.4% year-over-year to $33.0 million in Q3 2026, while net income turned profitable at $637 thousand ($0.21 per share) compared to a $146 thousand loss in the prior year period; year-to-date net sales reached $96.9 million (+10.1%) and net income improved to $919 thousand from a $1.1 million loss.
Gross profit increased 16.9% to $5.9 million and Adjusted EBITDA surged 53.8% to $2.0 million for the quarter, driven by a 56% sales increase in China operations and a 20% year-over-year growth in total backlog to $92.8 million.
Management expressed confidence in converting backlog into profitable shipments and advancing fiber optic technologies, leveraging a global manufacturing footprint across the U.S., Mexico, and China to capitalize on nearshoring trends.
Balance sheet activity included a $2.2 million term loan draw and increased working capital, with cash and restricted cash rising to $4.1 million, while total assets grew to $84.5 million and liabilities to $48.0 million as of September 30, 2026.