Loading...
•
Dec 27, 2019
Mercury Q2 2020 Earnings Report
Mercury Systems' second quarter of fiscal year 2020 was marked by record revenue and strong financial performance.
Key Takeaways
Mercury Systems reported record revenue of $193.9 million, a 22% increase year-over-year, with 12% organic growth. Net income was $15.7 million, or $0.29 per share, compared to $12.4 million, or $0.26 per share, in the prior year. Bookings exceeded $200 million for the third consecutive quarter, and backlog increased 39% year-over-year.
Record revenue increased 22% over prior year with 12% organic growth.
Net income, adjusted EBITDA, EPS and adjusted EPS exceeded guidance.
Bookings exceeded $200 million for the third consecutive quarter.
Record backlog increased 39% over prior year.
Mercury
Mercury
Forward Guidance
For the third quarter of fiscal 2020, revenues are forecasted to be in the range of $190.0 million to $200.0 million. For the full fiscal year 2020, we currently expect revenue of $780.0 million to $795.0 million, and GAAP net income of $71.7 million to $74.5 million.