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Sep 30, 2023
M-Tron Industries Q3 2023 Earnings Report
Reported a revenue increase driven by strong defense product shipments and improved profitability.
Key Takeaways
M-tron Industries reported a 29.4% increase in revenue for the third quarter of 2023, driven by strong defense product shipments. The company's profitability also improved, with adjusted EBITDA increasing to $2.3 million compared to $0.9 million in the same period last year.
Revenue increased by 29.4% to $10.9 million compared to the prior year period.
Basic and diluted net income per share increased to $0.59 and $0.57, respectively, compared to $0.19 per share for the prior year quarter.
Backlog increased by 14.1% to $50.3 million compared to the prior year.
Adjusted EBITDA increased to $2.3 million versus $0.9 million for the comparable prior year period.
Forward Guidance
MtronPTI's CEO, Michael Ferrantino and CFO, James Tivy will host an earnings call on Thursday, November 16, 2023 at 10:30am EST to discuss our Q3, 2023 earnings and respond to investor questions directly.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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