Optex Systems posts year-over-year declines in fiscal Q2 earnings per share and revenues due to delayed government contract awards, though gross margins improve through pricing gains and operational efficiencies.
Optex Systems is benefiting from rising defense demand, strong contractor relationships, and a growing backlog, positioning it to capitalize on military modernization and optical systems upgrades.
OPXS' Q1 earnings per share fall sharply year over year despite double-digit revenue growth, as higher gold costs, legacy contract pressures and increased operating expenses weigh on margins.
| Aerospace & Defense Industry | Industrials Sector | Chad George CEO | XSTU Exchange | US68384X2099 ISIN |
| US Country | 128 Employees | 19 Apr 2018 Last Dividend | 7 Oct 2015 Last Split | 4 May 2009 IPO Date |
Optex Systems Holdings, Inc is a distinguished manufacturer specializing in optical sighting systems and assemblies, catering primarily to the U.S. Department of Defense, foreign military applications, and the commercial sector within the United States. The company is poised as a critical supplier of high-quality optical solutions for a wide range of military land vehicles, including the prominent Abrams, Bradley, and Stryker families, alongside light armored and armored security vehicles. Established in 1987 and operating from its headquarters in Richardson, Texas, Optex Systems operates as a subsidiary under Sileas Corporation. It stands out for its direct distribution model, serving the federal government, prime contractors, and foreign governments with its comprehensive product range.
Optex Systems offers a vast array of periscopes, ranging from laser and non-laser protected plastic and glass periscopes to electronic M17 day/thermal periscopes and vision blocks. These products are key for enhancing visibility and surveillance capabilities in various military land vehicles.
The company's sighting systems include back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, and commander weapon station sights. Additionally, Optex provides optical weapon system support and maintenance, along with sight assembly refurbishments, essential for the precise targeting and operation of military hardware.
In its artillery range, Optex manufactures M137 telescopes, M187 mounts, M119 aiming devices, and XM10 and aiming circles. These components are critical for the accurate deployment of artillery systems in the field.
The Applied Optics Center within Optex Systems specializes in advanced optical solutions, including laser interference filters, optical assemblies, laser filter units, day windows, and specialty thin-film coatings. These are integral for the enhancement and protection of optical systems in harsh environments.
Apart from its core offerings, Optex Systems also produces muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows. This broad range signifies Optex’s capability to cater to diverse optical needs across different military and commercial applications.
The company is proficient in delivering tailored solutions including periscope configurations, rifle, and surveillance sights, and night vision optical assemblies, all designed to meet specific operational requirements of its clients.