The LGL Group, Inc. (NYSE Amex: LGL) (the “Company”) provided comments
related to its Q3 2014 financial results previously announced on
Thursday, November 13, 2014.
Marc Gabelli, the Company’s Chairman of the Board, said, “Now that the
bulk of the Company’s restructuring work is complete, results indicate
that we’re beginning to realize the benefits of those cost reduction
activities. These improvements will allow management to increase their
focus on generating top-line growth, capitalize on the Company’s
improved operating leverage and create shareholder value.”
Mr. Gabelli continued, “In addition, we’re pleased with the recent
expansion of our spectrum control product offerings, such as the
recently announced partnership with Microwavefilter & TVC, based in
Milan, to offer products with higher frequency and higher power, which
allows us to offer a broader range of solutions to our customers, as
well as increase our presence in the important Eurozone markets.”
About The LGL Group, Inc.
The LGL Group, Inc., through its wholly-owned subsidiary MtronPTI,
manufactures and markets highly-engineered electronic components used to
control the frequency or timing of signals in electronic circuits. These
components provide low noise and base accuracy for lab instruments,
ensure reliability and security in aerospace and defense communications,
and synchronize data transfers throughout the wireless and internet
infrastructure.
Headquartered in Orlando, Florida, the Company has additional design and
manufacturing facilities in Yankton, South Dakota and Noida, India, with
local sales offices in Sacramento, California and Hong Kong.
For more information on the Company and its products and services,
contact LaDuane Clifton at The LGL Group, Inc., 2525 Shader Rd.,
Orlando, Florida 32804, (407) 298-2000, or visit www.lglgroup.com
and www.mtronpti.com.
Caution Concerning Forward Looking Statements
This press release may contain forward-looking statements made in
reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21 E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements include all
statements that do not relate solely to historical or current facts, and
can be identified by the use of words such as “may,” “will,” “expect,”
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future actions or performance. These forward-looking statements are
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that could significantly affect current plans, anticipated actions and
our future financial condition and results. Certain of these risks and
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Copyright Business Wire 2014