Tuesday, September 20, 2016 2:59:25 PM
Effects of Acquisitions Not Yet Realized and Other Sales Catalysts
Indeed sales improved dramatically in the latest quarter.
However, the acquisition of Periscope was only completed on May 31 and the acquisition of Advanced Industrial Services was only completed in mid-December. The benefits to the top and bottom lines will be better realized going forward due to the market opportunities at hand and cross-selling to the more than 50 customers that were already in the Cemtrex client list.
For example, in June Cemtrex had the best month in the corporate history with the receipt of $12 million in new orders from existing customers and an important new automotive industry customer for Periscope.
As noted in a shareholder letter from Cemtex CEO and Chairman Saagar Govil, who was distinguished this year by Forbes as a "Top 30 Under 30" entrepreneur, the company is diversified in large markets forecast to experience consistent growth. New Venture Research predicts the EMS industry at $621 billion in 2019, up from $460 billion in 2014, as more companies rely on outsourcing electronics manufacturing. Drivers of this growth, namely electronics – including wearable, Internet of Things , robotics and automobiles – are right in Cemtrex 's wheelhouse with its growing list of marquee clients.
The company's Industrial Products & Services (IPS) division, which is comprised of legacy assets and newly developed technologies, quietly experienced $14 million in growth during fiscal 2015. The IPS division specializes in industrial air filtration, dust collection and emissions and process monitoring technology in the $47 billion industry.
The air pollution control market has experienced some ebb and flows in interest over the years and now is experiencing concerted global initiatives like never before. The efforts are highlighted by the Paris Climate Accord (PCA) to curb greenhouse gas emissions and control climate change agreed to by 195 countries in December 2015. So far, 22 countries have ratified the deal, with U.N. Secretary-General Ban Ki -moon recently urging Argentina and other large countries to ratify the accord so it can go into force.
Recent CETX News
- Cemtrex Reports Third Quarter 2024 Financial Results • GlobeNewswire Inc. • 08/14/2024 08:10:00 PM
- Cemtrex to Host Fiscal Third Quarter 2024 Financial Results Conference Call on Wednesday, August 14, 2024 at 5:00 p.m. Eastern Time • GlobeNewswire Inc. • 08/09/2024 01:00:00 PM
- Cemtrex Reports Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/14/2024 08:15:00 PM
- Cemtrex to Host Fiscal Second Quarter 2024 Financial Results Conference Call on Tuesday, May 14, 2024 at 5:00 p.m. Eastern Time • GlobeNewswire Inc. • 05/09/2024 12:30:00 PM
- Cemtrex, Inc. Announces Closing of $10 Million Upsized Underwritten Public Offering • GlobeNewswire Inc. • 05/03/2024 01:50:00 PM
- Cemtrex, Inc. Announces Pricing of $10 Million Upsized Underwritten Public Offering • GlobeNewswire Inc. • 05/01/2024 12:59:00 PM
- Cemtrex’s Vicon Industries to Attend ISC West 2024 • GlobeNewswire Inc. • 04/09/2024 12:30:00 PM
- Vicon to Showcase Their New Unified Cloud Solution with Groundbreaking Face Authentication and Person of Interest Tracking at ISC West 2024 • PR Newswire (US) • 04/07/2024 11:25:00 PM
- Cemtrex’s Advanced Industrial Services Secures New Orders Totaling $2.1 Million • GlobeNewswire Inc. • 03/11/2024 12:45:00 PM
- Cemtrex Announces Beta Release of Pioneering AI Gun Detection Feature • GlobeNewswire Inc. • 03/06/2024 01:45:00 PM
- Cemtrex Issues Shareholder Letter and Provides Corporate Update • GlobeNewswire Inc. • 02/28/2024 01:30:00 PM
- Cemtrex Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 02/12/2024 09:20:00 PM
- Cemtrex to Host First Quarter 2024 Financial Results Conference Call on Monday, February 12, 2024 • GlobeNewswire Inc. • 02/09/2024 01:30:00 PM
- Cemtrex Receives $0.8 Million Additional Vicon Industries Order from School District Customer • GlobeNewswire Inc. • 02/01/2024 01:30:00 PM
- Cemtrex Receives $3.8 Million for Two Advanced Industrial Services Projects • GlobeNewswire Inc. • 01/31/2024 01:30:00 PM
- Cemtrex Inc. to Reconvene Special Meeting Of Series 1 Preferred Stock Shareholders on Friday December 29, 2023 at 12:00 pm. Eastern Time • GlobeNewswire Inc. • 12/28/2023 02:15:00 PM
- Cemtrex Reports Unaudited Fourth Quarter and Full Fiscal Year 2023 Financial Results • GlobeNewswire Inc. • 12/21/2023 09:35:00 PM
- Vicon Boosts its Unified VMS Platform by Integrating with Omnilert's AI Visual Gun Detection System • PR Newswire (US) • 12/19/2023 09:11:00 PM
- Cemtrex to Host Fourth Quarter and Full Fiscal Year 2023 Financial Results Conference Call on Thursday, December 21, 2023 • GlobeNewswire Inc. • 12/07/2023 09:15:00 PM
- Cemtrex Subsidiary, Vicon Industries, Launches Anavio, A New Cloud Based, Security Software-as-a-Service Platform For Safer, Smarter Schools • GlobeNewswire Inc. • 10/10/2023 01:00:00 PM
- Cemtrex Receives $1.0 Million Contract from Pennsylvania Borough Stewartstown • GlobeNewswire Inc. • 09/26/2023 12:30:00 PM
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