LGL Group Q3 profit surges on lower manufacturing costs
LGL Group's Q3 net income surged due to lower manufacturing costs and tax benefits, despite a 6% decline in revenue. The company repurchased $366,000 in shares and is focusing on opportunities with P3 Logistics and MGHLP. Key drivers included lower manufacturing costs, income tax benefits, and higher margin products. Q3 EPS was $0.14 with a net income of $794,000.
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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/Mis Actual Consensu
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Estimate
Q3 EPS $0.14
Q3 Net $794,000
Income
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)
