Omni-Lite Industries Canada Inc V.OML

Alternate Symbol(s): OLNCF

Industrials Business Equipment

Omni-Lite Industries Canada Inc. develops and manufactures mission-critical, precision components utilized by Fortune 100 companies in the aerospace, defense, industrial and energy industries. The Company has three business segments: forged, electronic and investment casting components. Its forged products business is conducted in Cerritos, California. Its electronics business is conducted in Nashua, New Hampshire, a value-added contract manufacturer of electronic components for electronic sensors serving the defense, aerospace, medical, and secure communications markets. Its investment castings business is conducted in Brampton, Ontario, where it manufactures ferrous, non-ferrous, and light-alloy investment castings of highly engineered, high-performance hardware and structural components for aerospace, defense, nuclear, and industrial applications. It has developed patented technologies for transferring products through multi-die machines with segmented tooling.

TSXV:OML - Post by User

Omni-Lite Industries Canada Inc

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Comment by TheRock07on May 27, 2016 10:39am

76 Views

Post# 24910059

RE:RE:RE:RE:RE:Omnilite earns $0.02 US in Q1

I figured closer to $2 million, but significant military contract started late in Q1.

Gross margins continued to rise and are now over 60 %.

Book to bill increased to 1.7 from 1.3 in 2015, another good positive

We are going to exceed 2015 sales of $7.5 million US, by how much remains to be seen.

Even assuming $8 million US in 2016 sales, and a net margin of just 15 % gets us to 15 cents cad in net earnings.

They will do much better than that.

TD dumped over 50,000 shares at the open.

I bought more..

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