공시 • Aug 11
Orbit International Corp. Provides Revenue Guidance for the Second Half of 2024 Orbit International Corp. provided revenue guidance for the second half of 2024. For the period, the company expects revenue levels to increase and The company expects that the increase in sales will improve its operating results as it takes advantage of the operating leverage inherent in its businesses. 공시 • Mar 15
Orbit International Corp. Declares Quarterly Cash Dividend for the First Quarter of 2024, Payable on April 5, 2024 Orbit International Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.01 per share for the first quarter of 2024. The declared dividend is payable to shareholders of record as of March 29, 2024, with a payment date of April 5, 2024. 공시 • Mar 13
Orbit International Corp. Announces Transition of Karl Schmidt, Chief Operating Officer to Role of Advisor to the CEO, Effective May 1, 2024 Orbit International Corp. announced that Karl Schmidt, its Chief Operating Officer, will transition to the role of advisor to the CEO, Mitchell Binder, effective May 1, 2024. Mr. Schmidt will remain with the Company through the end of 2024 to assure the orderly transition of his duties and responsibilities to key members of Orbit’s management team. 공시 • Dec 07
Orbit International Corp. Announces Cash Dividend for the Fourth Quarter of 2023, Payable on January 9, 2024 Orbit International Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.01 per share. The declared dividend is payable to shareholders of record as of December 31, 2023, with a payment date of January 9, 2024. 공시 • Sep 15
Orbit International Corp. Declares Quarterly Cash Dividend for the Third Quarter of 2023, Payable on October 6, 2023 Orbit International Corp. announced that its board of directors has declared a quarterly cash dividend of $0.01 per share. The declared dividend is payable to shareholders of record as of September 29, 2023, with a payment date of October 6, 2023. 공시 • Jun 10
Orbit International Corp Announces Cash Dividend for the Second Quarter of 2023, Payable on July 7, 2023 Orbit International Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.01 per share. The declared dividend is payable to shareholders of record as of June 30, 2023, with a payment date of July 7, 2023. 공시 • Feb 08
Orbit International Corp. Appoints Marshall Sterman to Its Board of Directors Orbit International Corp. announced that Marshall Sterman has joined its Board of Directors replacing Bernard Karcinell who passed away in November 2022. Mr. Sterman will be serving as Chairman of Orbit’s Audit Committee and as a member of its Compensation and Nominating and Corporate Governance Committees. Mr. Sterman, who is a CPA, is currently President of HMS Advisors, LLC, a financial and strategic advisory services company. Previously, he was a partner at Mazars LLP’s Manhattan office for 24 years. Orbit International Corp., through its Electronics Group, is involved in the development and manufacture of custom electronic device and subsystem solutions for military, industrial and commercial applications through its production facilities in Hauppauge, NY and Carson, CA. Orbit’s Power Group, also located in Hauppauge, NY, designs and manufactures a wide array of power products including AC power supplies, frequency converters, inverters, VME/VPX power supplies as well as various COTS power sources. Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company including, statements regarding expectations of Orbit’s operating plans, deliveries under contracts and strategies generally; statements regarding expectations of the performance of business; expectations regarding costs and revenues, future operating results, additional orders, future business opportunities and continued growth, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although Orbit believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. 공시 • Sep 10
Orbit International Corp. Announces Cash Dividend for the Third Quarter of 2022, Payable on October 7, 2022 Orbit International Corp. announced that its Board of Directors has declared a cash dividend of $0.01 per share payable to shareholders of record as of September 30, 2022 with a payment date of October 7, 2022. 공시 • Aug 26
Orbit International Corp. (OTCPK:ORBT) announces an Equity Buyback for $0.5 million worth of its shares. Orbit International Corp. (OTCPK:ORBT) announces a share repurchase program. Under the program, the company will repurchase up to $0.6 million worth of its common shares. 공시 • Jun 04
Orbit International Corp. Announces Cash Dividend for the Second Quarter of 2022, Payable July 7, 2022 Orbit International Corp. announced that its Board of Directors has declared a cash dividend of $0.01 per share payable to shareholders of record as of June 30, 2022 with a payment date of July 7, 2022. 공시 • May 20
Orbit International Corp., Annual General Meeting, Jun 23, 2022 Orbit International Corp., Annual General Meeting, Jun 23, 2022, at 10:00 Eastern Daylight. Location: 80 Cabot Court, Hauppauge, New York United States Agenda: To elect five (5) Directors to the Board of Directors to serve until the 2023 Annual Meeting of Stockholders;and to transact such other business as may properly come before the meeting. 공시 • Jan 05
Orbit International Corp. (OTCPK:ORBT) completed the acquisition of Panel Products Inc. Orbit International Corp. (OTCPK:ORBT) entered into an agreement to acquired Panel Products Inc. on December 14, 2021. In connection with the transaction, Orbit has formed a new subsidiary, Simulator Product Solutions LLC, which will be majority owned by Orbit, with a minority equity interest to be held by Panel. It is intended that Nabil Radi, the founder of Panel, will continue his leadership of Panel’s business as President of Orbit’s newly formed subsidiary. The transaction is being funded substantially from Orbit’s cash on hand. In addition, Orbit intends to keep Panel’s operation in the Carson/Long Beach area. The Transaction is subject to certain specified closing conditions, is expected to close on or about December 31, 2021. The Transaction is expected to be accretive to earnings in fiscal 2022.
Orbit International Corp. (OTCPK:ORBT) completed the acquisition of Panel Products Inc. on January 4, 2022. Orbit paid $4 million in cash, an aggregate of up to $1.2 million in performance related payments payable at the end of year 2022 and 2023 and the issuance to Panel of a 19.9% ownership stake in Simulator Product Solutions. Orbit is to purchase Panel’s 19.9% stake in Simulator Product Solutions for a minimum of $1.3 million. 공시 • Dec 15
Orbit International Corp. (OTCPK:ORBT) entered into an agreement to acquired Panel Products Inc. Orbit International Corp. (OTCPK:ORBT) entered into an agreement to acquired Panel Products Inc. on December 14, 2021. In connection with the transaction, Orbit has formed a new subsidiary, Simulator Product Solutions LLC, which will be majority owned by Orbit, with a minority equity interest to be held by Panel. It is intended that Nabil Radi, the founder of Panel, will continue his leadership of Panel’s business as President of Orbit’s newly formed subsidiary. The transaction is being funded substantially from Orbit’s cash on hand. In addition, Orbit intends to keep Panel’s operation in the Carson/Long Beach area. The Transaction is subject to certain specified closing conditions, is expected to close on or about December 31, 2021. The Transaction is expected to be accretive to earnings in fiscal 2022. 공시 • Jun 03
Orbit International Corp. (OTCPK:ORBT) announces an Equity Buyback for $0.6 million worth of its shares. Orbit International Corp. (OTCPK:ORBT) announces a share repurchase program. Under the program, the company will repurchase up to $0.6 million worth of its common shares. 공시 • Dec 10
Orbit International Corp.'s Electronics Group Receives Two New Orders in Excess of $1,200,000 Orbit International Corp. announced that its Electronics Group, received two new orders at the beginning of December 2020 for display units and keyboards valued in excess of $1,200,000. Deliveries are scheduled to commence in the third quarter of 2021 and continue through the second quarter of 2022. In addition, the Company reported that its Power Group received new orders for its VPX power supplies in the month of November that put its current year to date VPX bookings ahead of its VPX bookings for the entire 2019 year, despite challenges related to testing of the units due to the COVID-19 pandemic. 