Channell Commercial Corp. designs, manufactures and markets thermoplastic enclosures and RF passive electronic devices used by cable television operators and local telephone companies. For the nine months ended 9/30/97, net sales rose 25% to $43.8M. Net income fell 12% to $6.2M. Net sales reflect growth from the RF Passive electronics devices by RMS Electronics. Lower earnings reflect a lower margin product mix, and increased S/G/A and tax expenses.
Revenue growth is solid and some are predicting big cable buildout (TCI). If that happens, does this company win? |
