Omni-Lite Industries Up 18% as Q1 Earnings and Revenue Climb
Omni-Lite Industries (OML.V), up near 18% on last look, on Wednesday said its first-quarter profit and revenue both rose.Net income for the quarter ending March 31, rose to US$0.4 million, or US$0.03 per share, up from US$0.1 million, or US$0.01, in the prior-year period.Revenue jumped 33% to US$4.4 million, from US$3.3 million, over the same period."Our improved revenue and profitability in the first quarter of 2026 reflected stronger operating results at our electronics and forging operations," said chief executive David Robbins. "These improvements were partially offset by continued challenges at our casting operation, where the results do not yet fully reflect the benefits of improved pricing, as the related revenues are more heavily weighted to the second half of the year."Omni-Lite shares were last seen up $0.25 to $1.67 on the TSX Venture Exchange.Price: $1.67, Change: $+0.25, Percent Change: +17.61%
