NSYS News & Events

Reports Q4 revenue $30.3M vs. $28.6M last year. "Nortech delivered another quarter of meaningful operational and financial progress, marking our third consecutive period of positive operating and EBITDA results reflecting the positive execution of our strategic restructuring initiatives. The continued improvements we are seeing in gross margins, manufacturing efficiency, and world-class quality metrics reflect the disciplined execution of our long-term strategy and the dedication of our global team," said President & CEO, Jay D. Miller. "Our growing customer backlog, combined with the successful transfer of key programs to our optimized facilities, is strengthening the foundation for sustained performance improvement. We are especially proud of the AS9100:D certification achieved at our Monterrey facility - a significant milestone that further enhances our competitiveness in aerospace, and other high-reliability markets. With the closure of our new debt financing last week, and our strong North American and Asian footprint, we believe we are well-positioned to support customers pursuing nearshore manufacturing strategies. I am grateful for the hard work of our employees across the globe, and we remain optimistic about the opportunities ahead as we continue to execute our strategy into 2026."

Nortech Systems announced that Andrew Walko has been named Senior Vice President of Global Operations. In his new role, Walko will replace John Lindeen, who is retiring in the first quarter of 2026, and will be responsible for overseeing the Company's global operations, including Nortech's facilities in the U.S., Mexico and China, as well as the Company's global supply chain, new product introductions, production planning and on-time delivery. Walko has extensive experience in the medical device industry including top-level executive roles at Sanuwave and Biomerics, as well as senior manufacturing operations leadership roles at Minnetronix.

Reports Q3 revenue $30.48M vs $31.4M last year. "Nortech's third quarter results reflect continued evidence our restructuring efforts combined with cost discipline are paying off. A planned positive shift from first builds to recurring production across programs transferred between our plants is due to increased manufacturing efficiencies. I am very proud of the entire team's execution and focus to achieve our goals," said President & CEO, Jay D. Miller.

Reports Q2 revenue $30.7M vs $33.891M last year. "Our second quarter results are testament to the dedication, resilience, and execution of our entire team. Despite lower revenues compared with the second quarter of 2024, we delivered improved earnings and a positive EBITDA this quarter-near-term evidence that our restructuring efforts and cost discipline are paying off. Increased plant utilization and improved manufacturing efficiencies across transferred programs are building the operational foundation we need for sustained performance improvement," said President & CEO, Jay D. Miller.