Dan’s Biz Bookshelf: ‘Abundance: How We Build a Better Future’
Trouble in Your Tank: In Complex Systems, Design Rules Aren’t Optional
It’s Only Common Sense: The Phone Is Still Your Competitive Advantage
FTG's Circuits Segment Sales Up 19% in 2Q19
July 11, 2019 | Globe NewswireEstimated reading time: 4 minutes
Net profit after tax at FTG in Q2 2019 was $2.5M compared to a net profit of $1.3M in Q2 2018. Higher margins, were partially offset by higher SG&A costs and higher foreign exchange losses. For the year-to-date, net profit was $3.7M compared to $1.0M last year.
The circuits segment net earnings before corporate and interest and other costs was $3.9M in Q2 2019 compared to $2.8M in Q2 2018.
The aerospace net earnings before corporate and interest and other costs in Q2 2019 was $0.7M versus $0.1M in Q2 2018.
As at May 31, 2019, the Corporation’s net working capital was $32.5M, an increase of $3.8M over year-end 2018. Higher accounts receivable was offset by lower accounts payable/accrued liabilities and cash.
Cash flow in Q2 2019 was $2.3M compared to $3.6M in Q2 last year, after investments in capital equipment and deferred development. In Q2 2019, cash taxes paid were $0.4M. For the year-to-date period cash flow was $0.4M compared to $3.2M last year.
Net debt to EBITDA was 0.16:1 for the trailing 12 month period.
The Corporation will host a live conference call on Thursday, July 11, 2019 at 8:30 am (EDT) to discuss the results of Q2 2019.
About Firan Technology Group Corporation
FTG is an aerospace and defense electronics product and subsystem supplier to customers around the globe. FTG has two operating units:
FTG Circuits is a manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defense, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California and a joint venture in Tianjin, China.
FTG Aerospace manufactures illuminated cockpit panels, keyboards and sub-assemblies for original equipment manufacturers of aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California, Fort Worth, Texas and Tianjin, China.
Page 2 of 2Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Green Circuits Heads to Peterson SFB to Support Next-Gen Space and Defense Electronics
05/05/2026 | Green CircuitsThe event, hosted at Peterson Space Force Base, brings together key personnel and mission partners supporting critical U.S. defense and space operations.
JAVAD EMS to Add New ESPEC Temperature Chamber to Support Growing Mil/Aero Work
04/28/2026 | JAVAD EMSJAVAD EMS (JEMS), a leading global EMS company that provides low to medium volume, high-mix applications, has ordered a new ESPEC EGNZ28-15NW temperature cycling chamber to expand its environmental testing capabilities as demand continues to grow in the military and aerospace sectors.
Global Turbine Asia Boosts Aerospace Growth and Talent Through Strategic Partnerships
04/21/2026 | ACN NewswireThe MoUs reflect GTA’s strategic focus on strengthening the aerospace and defence ecosystem through cross-border commercial cooperation, talent development, research partnerships and long-term capability building, aligned with evolving regional industry needs.
Spirit Electronics Named Authorized Distributor for Microchip Technology
04/17/2026 | Globe NewswireSpirit Electronics, a vertically integrated electronics design and manufacturing solutions provider serving the military and aerospace markets, announced that it has been designated as an authorized distributor for the Americas for Microchip Technology, a broadline supplier of semiconductors committed to making innovative design easier through total system solutions.
FTG Reports Strong Q1 2026 Results with Double-Digit Revenue Growth and Rising Backlog
04/09/2026 | Firan Technology Group CorporationIn Q1 2026, the Corporation grew organically. FTG is strategically investing its capital in ways that will drive increased shareholder returns for the future in both the near term and long term. The company's achievements in Q1 2026 demonstrate this commitment, laying a strong foundation for future growth.