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Omni-Lite Canada ( (TSE:OML) ) has shared an update.
Omni-Lite Industries reported a record revenue of US$15.9 million for fiscal 2024, marking a 28% increase from the previous year, driven by organic growth in its fasteners and castings business. Despite a challenging fourth quarter impacted by sales mix and inventory issues, the company maintained a strong balance sheet with no debt and significant cash generation. The company anticipates strong bookings in the first half of 2025, particularly from new fastener components and U.S. Department of Defense missile defense programs, signaling positive future prospects.
More about Omni-Lite Canada
Omni-Lite Industries Canada Inc. operates in the aerospace and defense industry, focusing on manufacturing high-performance components. The company is known for its fasteners and castings, with a market focus on critical customer demands and scalability in production.
YTD Price Performance: -27.14%
Average Trading Volume: 12,490
Technical Sentiment Signal: Hold
Current Market Cap: C$15.79M
For detailed information about OML stock, go to TipRanks’ Stock Analysis page.
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