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Oct. 18, 2008

Tessco Technologies, a provider of product and supply chain solutions for building and operating wireless networks reported record earnings yesterday.

For a third consecutive quarter, Tessco has announced its Q2 results ending Sept. 28, 2008, three days ahead of schedule.

Robert Barnhill, Tessco CEO said “we believe our success is a function of our industry, value proposition, strategy and execution."

"The company’s value proposition of “Your Total Source” promotes delivering everything where and when required, an assurance that wireless companies require to play in this competitive space," Barnhill said.

“Our focus on pricing strategies, procurement costs and our proprietary products has grown gross margins, and this growth, combined with operational productivity, has dramatically improved our bottom-line margins,” Barnhill added.

Specifically, revenues for the company’s network infrastructure equipment jumped 12.7 percent. Mobile devices and accessories increased 7.8 percent and installation, test and maintenance rose another 2.7 percent.

Tessco still projects an earnings expectation of $1.35 to $1.50 per share for the company’s fiscal year ending March 29, 2009.

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Source: Tessco Technologies.