Home / Financial Report / Cubic Reports Record Sales, Backlog in FY2011; Profit Grows 20%

Cubic Reports Record Sales, Backlog in FY2011; Profit Grows 20%

Cubic Corp. (NYSE: CUB) has released financial results for its 2011 fiscal year ended Sept. 30, 2011.

The company reported record high sales totaling approximately $1.3 billion, an increase of 8 percent over sales of nearly $1.2 billion in 2010.

Profit rose 20 percent to $84.8 million, or $3.17 per share, from $70.6 million, or $2.64 per share last year.

Total backlog also reached a record high of approximately $2.8 billion, compared to nearly $2.5 billion in 2010.

The company’s defense systems segment reported its sales increased 8 percent, to $392.7 million in 2011 from $362.8 million in 2010.

Check Also

NGA Deputy Director Stacey Dixon Receives 2020 Wash100 Award From Jim Garrettson, CEO of Executive Mosaic

Jim Garrettson, found and CEO of Executive Mosaic, presented Dr. Stacey Dixon, deputy director of the National Geospatial-Intelligence Agency (NGA), her first Wash100 Award as a part of the 2020 selection on Wednesday

Teresa Carlson, AWS Worldwide Public Sector VP, Named to 2020 Wash100 for Cloud Innovation, Business Expansion and New Educational Platforms

Executive Mosaic is honored to present Teresa Carlson, vice president of the worldwide public sector business at Amazon Web Services, as an inductee into the 2020 edition of the Wash100 Award for driving cloud innovation, expanding AWS' influence and advocating for cloud computing education within Virginia schools.