| Address:
|
80 CABOT COURT
|
| City: |
HAUPPAUGE |
|
State: |
NY |
|
Zip Code: |
11788 |
| Telephone: |
713-667-5601 |
|
Description of Business
|
Primary SIC Code:
3679 |
| (As filed with the SEC)
|
|
|
Orbit International Corp. (the "Company" or "Orbit") was incorporated under
the laws of the State of New York on April 4, 1957 as Orbit Instrument Corp. In
December 1986, the state of incorporation was changed from New York to Delaware
and in July 1991, the name was changed to Orbit International Corp. The Company
conducts its operations through its Orbit Instrument Division and its wholly
owned subsidiaries, Behlman Electronics, Inc. and Tulip Development Laboratory,
Inc. ("TDL") and its affiliated manufacturing company, TDL Manufacturing, Inc.
("TDLM")(collectively "Tulip"). Through its Orbit Instrument Division, which
includes its wholly owned subsidiaries, Orbit Instrument of California, Inc. and
Tulip, the Company is engaged in the design, manufacture and sale of customized
electronic components and subsystems. Integrated Consulting Services, Inc.,
d/b/a Integrated Combat Systems, Inc. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2008 | 0.25 | NA | 28.15 | | 03/2008 | 0.43 | NA | 18.93 | | 12/2007 | 0.55 | NA | 15.71 | | 09/2007 | 0.46 | NA | 20.09 | | 06/2007 | 0.48 | NA | 18.44 | | 03/2007 | 0.49 | NA | 15.80 | | 12/2006 | 0.52 | NA | 15.69 | | 09/2006 | 0.49 | NA | 14.33 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2007 |
Leverage |
2007 |
| Net Inc/Comm Equity | 0.12 | Total Liab/Total Assets | 0.34 | | Net Inc/Total Assets | 0.07 | Total Liab/Inv Cap | 0.43 | | Net Inc/Inv Cap | 0.08 | Total Liab/Comm Equity | 0.64 | | Pretax Inc/Net Sales | 0.10 | Interest Coverage Ratio | 8.87 | | Net Inc/Net Sales | 0.10 | Curr Debt/Equity | 0.09 | | Cash Flow/Net Sales | 0.06 | LTD/Equity | 0.26 | | SG&A/NetSales | 0.34 | Total Debt/Equity | 0.35 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 5.10 | Quick Ratio | 2.30 | | Inventory Turnover | 1.51 | Current Ratio | 4.07 | | Inventory Day Sales | 0.00 | Net Rec/Curr Assets | 0.24 | | Net Sales/Work Cap | 1.42 | Inv/Curr Assets | 0.43 | | Net Sales/PP&E | 37.46 | | |
Income Statement (Millions) |
| |
6/30/2008
|
3/31/2008
|
12/31/2007
|
9/30/2007
|
|
Total Revenues(Net Sales)
|
5.87
|
6.61
|
7.20
|
6.31
|
|
Cost of Goods Sold
|
3.54
|
3.98
|
4.06
|
3.68
|
|
Selling & Admin Exps
|
2.63
|
2.62
|
2.15
|
2.12
|
|
Operating Income
|
-0.30
|
0.02
|
0.98
|
0.51
|
|
Interest Exp
|
0.08
|
0.10
|
0.07
|
0.08
|
|
Pretax Income
|
-0.30
|
0.01
|
0.98
|
0.55
|
|
Other Income
|
0.08
|
0.10
|
0.08
|
0.12
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-0.31
|
0.01
|
0.98
|
0.55
|
|
Assets
|
6/30/2008
|
3/31/2008
|
12/31/2007
|
9/30/2007
|
|
Cash & Short Term Investments
|
5.27
|
5.89
|
7.57
|
6.98
|
|
Receivables - Total
|
5.19
|
6.40
|
5.72
|
4.57
|
|
Inventories - Total
|
11.75
|
11.04
|
10.45
|
10.16
|
|
Total Current Assets
|
22.38
|
23.54
|
24.08
|
21.89
|
|
Net Property, Plant & Equipment
|
0.64
|
0.66
|
0.69
|
0.45
|
|
Total Assets
|
37.86
|
39.09
|
39.69
|
31.88
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
3.02
|
3.09
|
3.10
|
2.52
|
|
Debt in Current Liabilities
|
1.88
|
2.20
|
2.48
|
1.14
|
|
Total Current Liabilities
|
5.04
|
5.62
|
5.91
|
3.74
|
|
Long-Term Debt
|
5.92
|
6.36
|
6.75
|
3.18
|
|
Total Liabilities
|
11.97
|
12.96
|
13.60
|
7.84
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.48
|
0.47
|
0.47
|
0.46
|
|
Retained Earnings
|
4.58
|
4.89
|
4.88
|
3.90
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
25.89
|
26.13
|
26.08
|
24.04
|
|
Total Liabilities and Stockholders' Equity
|
37.86
|
39.09
|
39.69
|
31.88
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2008
|
3/31/2008
|
12/31/2007
|
9/30/2007
|
|
Net Cash Provided by Operating Activities
|
0.17
|
-0.94
|
1.40
|
0.21
|
|
Net Cash Provided by Investing Activities
|
0.85
|
-0.05
|
-3.53
|
0.34
|
|
Net Cash Provided by Financing Activities
|
-0.77
|
-0.66
|
2.90
|
-0.24
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2003 | 17.14 | 1.63 | 0.44 | | 12/2004 | 18.01 | 1.94 | 0.50 | | 12/2005 | 24.25 | 2.68 | 0.60 | | 12/2006 | 25.02 | 2.42 | 0.52 | | 12/2007 | 25.88 | 2.58 | 0.55 | | Growth Rates | 10.86 | 12.22 | 5.74 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/08 | 14 | 1,748 | 36.81 |
|
Report Date :
8/25/2008
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