George Risk Industries, Inc. (GRI) reported financial results for the quarter ending July 31, 2026, and announced a dividend increase during a press release dated September 14, 2026.
For the third quarter of 2026, the company recorded net sales of $6,850,000. This figure represents a 16.14% increase compared to net sales for the same period in the prior year. The company attributed the sales growth to a resilient economy and competitive advantages within its existing product lines. Net income for the quarter was reported at $2,192,000, with earnings per share calculated at $0.45 per common share.
Looking at fiscal year-to-date results, the company reported a 10.27% increase in sales. Specifically, Original Equipment Manufacturer (OEM) sales increased by 9.25%. The company noted that while residential security products remained steady, commercial and industrial sectors drove significant growth. Demand for Heavy Duty metal contacts and environmental water detection sensors has led to a backlog of several months for these product lines.
In other developments, the company is advancing new product development, including explosion proof contacts intended for hazardous locations and programmable temperature and humidity sensors. Additionally, the company is redesigning its brass water valve shut-off product.
Regarding capital returns, the company’s Board of Directors declared a cash dividend of $1.25 per common share during a meeting held on September 11, 2026. This represents a $0.25 increase over the previous year's dividend rate. The dividend will be paid to stockholders of record as of September 30, 2026, with the payment scheduled to be distributed on or before October 31, 2026.
