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Cubic Posts Record Sales, Earnings In Fourth Quarter

Cubic Posts Record Sales, Earnings In Fourth Quarter
Cubic enjoyed higher sales of air combat training systems in the fourth quarter. Photo: Cubic

Cubic Corp. [CUB] on Tuesday reported record sales and net income in its fourth quarter driven by top line gains at its commercial transportation and defense systems segments and two acquisitions during the year. Net income was $32.8 million, $1.22 earnings per share (EPS), versus an operating loss a year ago, while sales increased 16 percent to $396.4 million from $340.8 million.  Organic growth was still strong at 11 percent as acquisitions during Cubic’s fiscal year added $16.2 million in…

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