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Why Mercury Systems Stock Is Up Today
The Motley Fool· 2024-08-14 16:09
A strong fiscal fourth quarter has investors excited about what is to come. Defense electronics company Mercury Systems (MRCY 19.65%) reported a better-than-expected quarter, and management is confident the momentum can be sustained into the new fiscal year. Investors are excited, sending Mercury shares up 22% as of 11 a.m. ET on Wednesday. Turning a corner after a rough few years Mercury manufactures sensors, communications equipment, and other electronics components for the aerospace and defense industrie ...
Mercury Systems (MRCY) Q4 Earnings & Revenues Beat Estimates
ZACKS· 2024-08-14 15:51
Mercury Systems (MRCY) reported fourth-quarter fiscal 2024 results, wherein both top and bottom lines beat the Zacks Consensus Estimate. The aerospace and defense tech firm reported non-GAAP earnings of 23 cents per share against the Zacks Consensus Estimate of a loss of 7 cents. The bottom line surged 109.1% year over year. Mercury Systems' non-GAAP revenues decreased 1.8% to $248.6 million. The top line beat the consensus mark by 11.7%. The results reflected solid progress in each of the priority focus ar ...
Mercury Systems Inc. (MRCY.US):First Take,Qtr improved sequentially; guidance implies a transition window for foreseeable future
Goldman Sachs· 2024-08-14 02:56
13 August 2024 | 8:37PM EDT Mercury Systems Inc. (MRCY): First Take: Qtr improved sequentially; guidance implies a transition window for foreseeable future Bottom line: MRCY F4Q24 revenue, EBITDA and free cash flow are above. consensus, in a year where key metrics ended up well below original expectations on a full-year basis. The company did not provide a full set of FY2025 guidance ranges as it has in the past. It pointed to flattish revenue and a low double digit adjusted EBITDA margin in FY2025, then a ...
Mercury Systems (MRCY) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-08-14 00:00
Mercury Systems (MRCY) reported $248.56 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 1.9%. EPS of $0.23 for the same period compares to $0.11 a year ago. The reported revenue represents a surprise of +11.07% over the Zacks Consensus Estimate of $223.8 million. With the consensus EPS estimate being -$0.07, the EPS surprise was +428.57%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...
Mercury Systems(MRCY) - 2024 Q4 - Earnings Call Presentation
2024-08-13 23:51
| --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | FOURTH QUARTER AND FISCAL | | | | | YEAR 2024 FINANCIAL RESULTS | | | | | Bill Ballhaus | | | | | Chairman and CEO | | | | | | | | | | David Farnsworth Executive Vice President and CFO | | | | | August 13, 2024, 5:00 pm ET | | | | | Webcast login at www.mrcy.com/investor Webcast replay available by 7:00 p.m. ET August ...
Mercury Systems(MRCY) - 2024 Q4 - Earnings Call Transcript
2024-08-13 23:51
Mercury Systems, Inc. (NASDAQ:MRCY) Q4 2024 Earnings Call Transcript August 13, 2024 5:00 PM ET Company Participants Dave Farnsworth - EVP and CFO Bill Ballhaus - Chairman and CEO Conference Call Participants Pete Skibitski - Alembic Global Jonathan Ho - William Blair Ken Herbert - RBC Capital Markets Michael Ciarmoli - Truist Securities Sheila Kahyaoglu - Jefferies Jan-Frans Engelbrecht - Baird Noah Poponak - Goldman Sachs Operator Good day, everyone, and welcome to the Mercury Systems Fourth Quarter Fisca ...
Mercury Systems (MRCY) Beats Q4 Earnings and Revenue Estimates
ZACKS· 2024-08-13 22:15
Mercury Systems (MRCY) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 428.57%. A quarter ago, it was expected that this maker of processing systems and software would post a loss of $0.15 per share when it actually produced a loss of $0.26, delivering a surprise of -73.33% ...
Mercury Systems(MRCY) - 2024 Q4 - Annual Report
2024-08-13 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED June 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
Mercury Systems(MRCY) - 2024 Q4 - Annual Results
2024-08-13 20:01
EXECUTION VERSION as Schedule 2.01 attached hereto. AMENDMENT NO. 6 This AMENDMENT NO. 6 dated as of August 12, 2024 (this "Amendment"), is entered into among MERCURY SYSTEMS, INC., a Massachusetts corporation (the "Borrower"), certain subsidiaries of the Borrower, as Guarantors, the Lenders party hereto, and BANK OF AMERICA, N.A., in its capacity as administrative agent for the Lenders (in such capacity, the "Administrative Agent"), and amends the Credit Agreement dated as of May 2, 2016 (as amended, suppl ...
Mercury Systems Reports Fourth Quarter and Fiscal 2024 Results
GlobeNewswire News Room· 2024-08-13 20:01
Q4 FY24 Bookings of $284.4 million; book-to-bill ratio of 1.14 Q4 FY24 Revenue of $248.6 million; GAAP net loss and adjusted EBITDA ($10.8) million and $31.2 million, respectively Record backlog of $1.3 billion; up 16% year-over-year ANDOVER, Mass., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the fourth quarter and fiscal year 2024, ended June 28, 2024. "In fiscal 2024, we made considerable progress in addressing what we believe to be ...