RFIL News & Events

U.S. equity markets registered their first instance of consecutive down days of the year as weakness in the higher-beta sectors weighed on the S&P 500 and the tech-heavy Nasdaq.   Consumer Discretionary and Tech were broadly sold on Wednesday while defensive sectors like Health Care and Staples outperformed.  Energy was again the best-performing space with WTI Crude Oil topping $62 for the first time since late October on signs that a deeper intervention by U.S. forces in Iran could be imminent - after Trump's post that "help is on the way" to Iranian "patriots" yesterday, reports surfaced that U.S. may be pre-emptively disarming Tehran from retaliation by moving some of its military personnel out of Qatar.As the earnings season ramps up, mega-cap financials were again in focus as weakness in shares of JPMorganyesterday was followed by post-results selling in Citi, Bank of America, and Wells Fargo.   With Morgan Stanleyand Goldman Sachson tap for earnings on Thursday morning, U.S. equity futures are flashing further risk aversion - Dow Industrials, S&P e-minis, and Nasdaq 100 futures are all down by a decimal in the opening hour of the evening session.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -BRC Groupup 42.7%RF Industriesup 22.5%ALSO HIGHER -Calavo Growersup 12.9% after announcing acquisition by Mission ProduceDOWN AFTER EARNINGS -H.B. Fullerdown 2.3%Compass Diversifieddown 1.7%

Reports Q4 revenue $22.69M vs. $18.45M last year. "I am extremely pleased with our team's performance in the fourth quarter. Net sales were $22.7 million, an increase of 23% year-over-year. In the past several quarters, we have discussed how our strategic transformation continued to deliver operating leverage and it really showed up in Q4. Our quarterly results were diverse by customer, product, and market segment with solid contributions across our broad portfolio. That mix and the increase in sales produced gross margins of 37%, exceeding our 30% near-term target, and Adjusted EBITDA of $2.6 million was 11.5% of net sales, above our goal of 10%. We controlled our fixed costs while driving strong sales growth and that execution led to increased profitability," said Robert Dawson, CEO of RF Industries.