Comtech Telecommunications Corp.

Sales soar, but MSC can’t manufacture a winning 2Q

  MSC INDUSTRIAL SUPPLY CO. Headquarters: Melville Industry: Capital goods NYSE: MSM Reporting Date: April 10, 2019 Reporting Quarter: 2Q FY2019 Quarter Ended: March 31, 2019 Numbers: Net second-quarter sales were reported as $823 million, a 7 percent increase over the $769 million reported for the same quarter last fiscal year. However, quarterly net income declined sharply year-over-year, down 41.8 percent to $68.4 million, and diluted earnings per share followed, dropping 39.8 percent to $1.24….


No. 387: Old English, new mental-health thinking and please, Albany, Farmingdale State would like some more

  Get your Frīġedæġ on: However you say it, even in Old English, it’s Friday, dear readers – the end of a busy workweek and the precipice of another well-earned weekend. Gōd hælo! Near misses: It’s March 8 on Planet Earth, the earliest day on which Canberra Day (Australia), Decoration Day (Liberia), Passion Sunday (Christianity) and Commonwealth Day (in 53 member states, all former British territories) can fall. Today is none of those days. Dear…


No. 370: In which the Brookhaven IDA shines, the millennials rise … and the robocalls are winning

  January thaw: Welcome to Wednesday, innovators, and the midpoint of 2019’s first full workweek. It’s Jan. 9 out there, and if you’re still writing “2018” on checks and other forms, you’re not alone. Blue by you: Today is National Law Enforcement Appreciation Day, and you don’t need to watch “Live PD” to know how hard these men and women work, every day, in an incredibly tense and dangerous occupation. If you see a cop…


No. 345: Tinkerers, taxes, the Twist and Long Island’s economic-development wish list

Half-full: It’s Wednesday, dear readers, middle ground of another busy workweek on Long Island and around the globe. A warm welcome this Oct. 3 to new newsletter subscribers Jordan, Anita, Carole, Edward, Renee and Catherine – welcome to the show – and a happy National Techies Day to all. The annual observance, designed to inspire the next generation of techno-tinkerers, marks its 20th anniversary today. Donuts are optional: It’s also National Coffee With a Cop…


No. 261: Diamonds, Riptides, origami skeletons and Comtech, in an emergency

And you were there: Congratulations, dear readers (including new subscribers Sue, Rod, Jessie and Sergio), on surviving Thanksgiving with the family, Black Friday at the mall and Cyber Monday on the ’net – the largest online-shopping day in U.S. history, it turns out, with some $6.59 billion in digital transactions counted by our friends at Adobe. Tell us all about your contribution to the record – and any story tips, calendar items or eggnog recipes…


Comtech inks $96.2M in new emergency-call contracts

By GREGORY ZELLER // A Long Island-based communications cornerstone will manage a 911 emergency network and wireless 911 services affecting millions of U.S. customers, according to a series of new deals. Melville-based Comtech Telecommunications Corp. has announced a multitude of new contracts with “a major U.S. telecommunications company” providing for various 911-related services. The first deal – involving Comtech’s Safety and Security Technologies group, part of the company’s Commercial Segment – involves the implementation, maintenance…


LI businesses charged up by low-cost juice

The New York Power Authority has approved another round of low-cost power allocations through the ReCharge NY program, with Long Island companies reaping the lion’s share of this round’s benefits. Gov. Andrew Cuomo’s office announced Thursday that NYPA’s Board of Directors has awarded reduced electricity rates to 11 Long Island companies through ReCharge NY, which Cuomo signed into law in 2011 to provide low-cost power to businesses that commit to job creation and new capital…


Army extends Comtech contract

Up, down, up at ‘transformative’ Comtech

Lower income but dramatically higher sales – both attributed to a key February acquisition – set a mixed fourth-quarter tone at Comtech Telecommunications Corp. The Melville-based maker of high-tech communications systems reported earnings Thursday for its fiscal year 2016 fourth quarter, which ended July 31, and for its full fiscal year, which also wrapped up on that date. Among the fourth-quarter highlights: net sales of $152.4 million, nearly double the $77.5 million reported in 4Q…