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Cubic sets record high in yearly sales, net income

San Diego-based Cubic Corp. (NYSE: CUB) reported at the close of last week higher sales and earnings for the fiscal year ended Sept. 30.

According to a release from the company, sales in fiscal year 2012 settled at $1.381 billion, an increase of 7 percent over the prior year, which were reported to be $1.296 billion.

The year-end financial report also showed that net income attributable to Cubic shareholders increased to $91.9 million, or $3.44 per share, from $83.6 million, in the prior year, as restated. The sales and net income figures were both record highs, the report indicated.

Figures included filings to the Securities and Exchange Commission of Cubic's financial statements for the quarter ended June 30 and the fiscal year ended Sept. 30. The company also filed its restated financial statements for the fiscal years ended Sept. 30, 2011, 2010 and 2009, as well as the quarters ended March 31, 2012 and Dec. 31, 2011, and each of the prior quarters of 2011 and 2010.

The restatement resulted in a cumulative increase in equity of $26.9 million through March 31, 2012.

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Cubic Corp.

Company Website

9333 Balboa Ave.
San Diego, CA 92123

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
CUB
43.25
  0.24  
+ 0.56%
96,581,000
55.73
39.83

Insider Trade Data

Date Insider Shares Type Value
08/07/2015 Zable, Walter C Jr 66,974 Sell $3,100,242
08/07/2015 Zable, Walter C Jr 66,974 Sell $3,100,242
06/24/2015 Zable, Walter C Jr 134,453 Sell $6,658,951
06/24/2015 Zable, Walter C Jr 134,453 Sell $6,658,951
06/24/2015 Zable, Walter C Jr 134,453 Sell $6,658,951

Cubic Corp. Executive(s):

Bradley Feldmann

  • Chief Operating Officer, President

John Thomas

  • Chief Financial Officer, Executive Vice President

James Edwards

  • Senior Vice President, General Counsel

Mark Harrison

  • Senior Vice President, Corporate Controller

Related Videos

Interview with Bradley Feldmann

July 29, 2015 -- George Chamberlin and Bradley Feldmann, president and CEO of Cubic Corp., talk about the many businesses Cubic is involved in, including defense and transportation.

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2014