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Sep 30, 2024
M-Tron Industries Q3 2024 Earnings Report
Reported strong Q3 2024 results with revenue and earnings per share above expectations.
Key Takeaways
M-tron Industries reported a strong Q3 2024, with revenues increasing by 21.4% to $13,214,000 and net income per diluted share increasing by 42.1% to $0.81. The company's performance was driven by defense-related orders and improved operating efficiencies, leading to strategic investments in research and development.
Revenues increased by 21.4% to $13,214,000 compared to Q3 2023.
Gross margin increased by 500 basis points to 47.8%.
Net income per diluted share increased by 42.1% to $0.81.
Adjusted EBITDA increased to $3,300,000 from $2,336,000 in Q3 2023.
M-Tron Industries
M-Tron Industries
Forward Guidance
MtronPTI anticipates a strong performance in Q4 2024 and expects to exceed its prior guidance for FY 2024.
Positive Outlook
- Continued momentum in defense-related sales.
- Acceleration in production and shipments during the first half of 2024.
- Increased revenue outlook for fiscal year 2024 to a range of $46.0 million to $48.0 million.
- Expectation to exceed prior revenue guidance.
- Achievement of an EBITDA margin in the 19% to 21% range.