Latest news with #M-tronIndustries
Yahoo
22-05-2025
- Business
- Yahoo
M-tron Industries, Inc. to Host Investor Presentation followed by Annual Meeting of Stockholders on June 10, 2025
ORLANDO, Fla., May 22, 2025 /PRNewswire/ -- M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company") today announced that it will hold its 2025 Annual Meeting of Stockholders in New York City on June 10, 2025. The 2025 Annual Meeting of Stockholders (the "Annual Meeting") will be held on: Date: June 10, 2025 Time: 10:00 a.m. Eastern Time Location Harvard Club of New York City 35 W 44th St New York, New York 10036 In addition, Mtron will host an Investor Presentation on June 10, 2025 ahead of the Annual Meeting to provide shareholders, analysts and other stakeholders more detailed information on the Company's strategic direction, recent business developments and financial performance, and updates on strategic initiatives. Members of management will also be available to answer investor questions. For those interested in attending, the Investor Presentation will begin at 8:30 a.m. Eastern Time. To attend either or both events, investors are requested to RSVP by Friday June 6, 2025, by visiting the following link: Upon submitting the RSVP form, investors and members of the finance community will receive a confirmation email that includes a unique QR code, which is required for entry into the Harvard Club. About Mtron M-tron Industries, Inc. (NYSE American: MPTI) was originally founded in 1965 and designs, manufactures and markets highly-engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products' entire life cycle, including product design, prototyping, production and subsequent product upgrades. Mtron has design and manufacturing facilities in Orlando, Florida and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India. For more information, visit View original content to download multimedia: SOURCE Mtron
Yahoo
14-05-2025
- Business
- Yahoo
M-tron's Q1 Earnings Miss Estimates, Margins Decline Y/Y, Stock Down
M-tron Industries, Inc. MPTI reported first quarter of 2025 results, wherein both adjusted earnings and revenues missed the Zacks Consensus the results, the company's shares declined 7.8% in yesterday's after-hours trading both metrics increased on a year-over-year basis. This uptick was driven by stable demand across the existing portfolio and new product launches. The company also saw a notable rise in backlog during the period. Going forward, MPTI aims to enhance its product line to support long-term growth and maintain market position. M-tron Industries reported adjusted earnings per share (EPS) of 56 cents, which missed the consensus estimate of 66 cents by 15.2%. However, the figure increased 5.7% from 53 cents per share reported in the year-ago revenues of $12.7 million missed the consensus mark of $13.2 million by 2.1%. However, the reported figure increased 13.8% from the year-ago quarter's $11.2 million. This upside was backed by continued strong defense program product shipments. M-tron Industries, Inc. price-consensus-eps-surprise-chart | M-tron Industries, Inc. Quote As of March 31, 2025, the total backlog was $55.5 million compared with $47.2 million at 2024-end and $46.1 million a year ago. This growth was driven by several large orders received and the continued broad demand for its products. Gross margin was 42.5%, down 20 basis points (bps) from 42.7% a year ago. This decrease was due to higher manufacturing costs linked to the early production of new products. The company also faced a negative impact from newly imposed federal tariffs on imported materials and partially finished EBITDA was $2.5 million, which increased 10.6% from $2.3 million reported in the year-ago quarter. Adjusted EBITDA margin was down 50 bps year over year to 19.7%. As of March 31, 2025, M-tron Industries had cash and cash equivalents of $13.7 million compared with $12.6 million at the end of 2024. Inventories were $9.4 million compared with $9.5 million at 2024-end. M-tron Industries currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks Corporation FLR reported mixed first-quarter 2025 results with adjusted earnings beating the Zacks Consensus Estimate while revenues missed the same. On a year-over-year basis, the top and bottom lines quarter's result reflects increased execution activities on several large projects in the company's Urban Solutions segment, partially offset by soft contributions from the Energy and Mission Solutions Services Inc. PWR reported solid results for the first quarter of 2025, wherein both adjusted earnings and revenues beat the Zacks Consensus Estimate. Both top and bottom lines grew year over double-digit growth in revenues, adjusted EBITDA and adjusted EPS was supported by improved profitability across both the Electric Infrastructure Solutions and Underground and Infrastructure Solutions segments. The company also raised its full-year 2025 guidance for revenues, adjusted EBITDA and adjusted Inc. KBR reported first-quarter 2025 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same. However, both top and bottom lines increased on a year-over-year company kicked off the year with a solid first-quarter performance, posting year-over-year growth in revenues, margins, earnings and cash flow. KBR attributed these gains to strong execution across key projects and effective internal management strategies. Moreover, the company reported healthy bidding activity and continued success in securing strategic new contracts, signaling steady operational momentum. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quanta Services, Inc. (PWR) : Free Stock Analysis Report Fluor Corporation (FLR) : Free Stock Analysis Report KBR, Inc. (KBR) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
M-tron Industries, Inc. Reports First Quarter 2025 Results
Revenues increased 13.8%, or $1.5 million, to $12.7 million for the three months ended March 31, 2025 from $11.2 million for the three months ended March 31, 2024 Net income per diluted share increased $0.03 to $0.56 for the three months ended March 31, 2025 from $0.53 for the three months ended March 31, 2024 Backlog increased $9.4 million, or 20.3%, to $55.5 million as of March 31, 2025 from $46.1 million as of March 31, 2024 ORLANDO, Fla., May 13, 2025 /PRNewswire/ -- M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company"), a designer and manufacturer of highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits, announced its financial results for the three months ended March 31, 2025. "Mtron delivered another quarter of revenue growth driven by healthy demand across our existing portfolio and the successful introduction of new products," said Cameron Pforr, Mtron Interim Chief Executive Officer. "Our backlog increased significantly during the period and we remain focused on delivering innovative products that strengthen our market position and create sustained value for our stockholders." "We also successfully completed the distribution of the previously announced dividend of warrants on April 25, 2025, reflecting our ongoing commitment to enhancing stockholder value and providing opportunities for long-term participation in Mtron's future growth," continued Mr. Pforr. Results from Operations Revenue was $12.7 million in the first quarter of 2025 compared with $11.2 million in the first quarter of 2024. The increase was primarily due to strong defense product shipments. Gross margin was 42.5% in the first quarter of 2025 compared with 42.7% in the first quarter of 2024. The decrease is primarily due to higher revenues partially offset by the initial higher manufacturing costs associated with the initial production runs of several new products. In addition, we saw the initial impact this quarter of newly initiated federal tariffs on imports of foreign sourced materials and partially finished goods. Net income was $1.6 million, or $0.56 per diluted share, in the first quarter of 2025 compared with $1.5 million, or $0.53 per diluted share, in the first quarter of 2024. The increase in revenues discussed above was partially offset by higher manufacturing cost of sales consistent with the growth in revenues and the introduction of new products as well as higher engineering, selling and administrative expenses related to higher research and development costs, higher sales commissions from an increase in revenues, and an increase in corporate expenses consistent with the overall growth in the business. Adjusted EBITDA was $2.5 million in the first quarter of 2025 compared with $2.3 million in the first quarter of 2024. The increase was primarily due to higher income before income taxes, depreciation, and stock-based compensation partially offset by higher interest income. Backlog Backlog was $55.5 million as of March 31, 2025 compared to $47.2 million as of December 31, 2024 and $46.1 million as of March 31, 2024. The increase in backlog reflects several large orders received during the quarter and the continued broad demand for our products. Impact of Tariffs In March 2025, Mtron saw the initial impact of the recently announced federal tariffs on the import of goods and materials from outside the United States. Mtron, while a United States-based manufacturer with a great degree of vertical integration, does import some materials from Japan, China, and South Korea and performs some finishing work at our facility in Noida, India. It is difficult to predict the long-term impact of this trade policy on our financial performance. We are working with many of our defense customers on enacting parts of the Federal Acquisition Regulation ("FAR"), which potentially exempt materials received for defense production from entry tariffs. In addition, we continue as always to analyze our supply chain in order to make sure we have redundancy of suppliers and can source from reliable suppliers at the best price possible. To date, we have seen no impact from tariffs on demand for our products. Warrant Dividend On April 25, 2025, the Company distributed the dividend of warrants to stockholders of record on March 10, 2025. The warrants are listed on the NYSE American under the ticker "MPTI WS." The warrants may be listed on certain financial websites under the ticker "MPTI WT" or a similar nomenclature. Pursuant to the Warrant Agreement, the warrants contain the following terms: Five (5) warrants exercisable to purchase one (1) share of common stock; Exercise price of $47.50 per share; Exercisable at the earlier of (i) thirty (30) days prior to April 25, 2028 or (ii) the date on which the average volume weighted average price ("VWAP") of Mtron common stock is greater than or equal to $52.00 per share for the prior thirty (30) consecutive trading day period (the "Acceleration Trigger"); Expire at the earlier of (i) April 25, 2028 or (ii) thirty (30) calendar days following Mtron's public announcement of the date of the Acceleration Trigger; and Warrant holders exercising their full allotment of warrants can apply to subscribe for any or all shares of common stock issuable pursuant to any outstanding but unexercised warrants. For further information, refer to the FAQ on Mtron's Investor Relations website at Earnings Call Management, including Mr. Pforr, will host a conference call with the investment community on Wednesday May 14, 2025, to discuss the Company's first quarter 2025 results and to respond to investor questions. The call will begin at 10:30 a.m. Eastern Time on Wednesday May 14, 2025, and can be accessed using the dial-in details below: Toll Free Dial-in Number: (888) 672-2415 Toll Dial-in Number: +1 (646) 307-1952 Passcode: 4068751 An archive will be available after the call on the Investor Relations section of Mtron's website at along with Mtron's press release. About Mtron M-tron Industries, Inc. (NYSE American: MPTI) was originally founded in 1965 and designs, manufactures and markets highly engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products' entire life cycle, including product design, prototyping, production and subsequent product upgrades. Mtron has design and manufacturing facilities in Orlando, Florida and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India. For more information, visit Cautionary Note Concerning Forward Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the uncertain financial impact of COVID-19 and the Company's financial condition, results of operations, business strategy and financial needs. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words "believe," "expect," "anticipate," "should," "plan," "will," "may," "could," "intend," "estimate," "predict," "potential," "continue" or the negative of these terms and similar expressions, as they relate to Mtron, are intended to identify forward-looking statements. These forward-looking statements are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the Company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by Mtron with the Securities and Exchange Commission, including those risks set forth under the heading "Risk Factors" in the Company's Annual Report on Form 10-K as filed with the SEC on March 27, 2025. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release. These forward-looking statements speak only as of the date of this press release. Mtron undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. M-tron Industries, Inc. Quarterly Summary (Unaudited)2022202320242025 (in thousands)Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Revenues$ 7,691 $ 7,064 $ 8,417 $ 8,673 $ 9,367 $ 10,140 $ 10,888 $ 10,773 $ 11,185 $ 11,808 $ 13,214 $ 12,805 $ 12,732Y/Y 21.8 % 43.5 % 29.4 % 24.2 % 19.4 % 16.4 % 21.4 % 18.9 % 13.8 %Gross margin 37.3 % 37.5 % 32.4 % 35.7 % 34.1 % 41.6 % 42.8 % 43.6 % 42.7 % 46.6 % 47.8 % 47.2 % 42.5 % Y/Y -8.6 % 10.9 % 32.1 % 22.1 % 25.2 % 12.0 % 11.7 % 8.3 % -0.6 %Net income (b)$ 619 $ 486 $ 503 $ 190 $ 553 $ 1,277 $ 1,586 $ 73 $ 1,486 $ 1,744 $ 2,267 $ 2,139 $ 1,630Y/Y -10.7 % 162.8 % 215.3 % -61.6 % 168.7 % 36.6 % 42.9 % 2,830.1 % 9.7 %Adjusted EBITDA (c)$ 1,177 $ 841 $ 876 $ 1,114 $ 1,028 $ 1,931 $ 2,336 $ 2,397 $ 2,262 $ 2,523 $ 3,300 $ 3,056 $ 2,502Y/Y -12.7 % 129.6 % 166.7 % 115.2 % 120.0 % 30.7 % 41.3 % 27.5 % 10.6 % (a) Q1 2022 - Q3 2022 do not include any public company costs as these periods were pre-IPO. (b) A reconciliation of non-GAAP financial measures to the most comparable GAAP measure is provided at the end of this press release. M-tron Industries, Inc. Condensed Consolidated Statements of Operations (Unaudited)Three Months Ended March 31, (in thousands, except share data)20252024 Revenues$ 12,732 $ 11,185Costs and expenses: Manufacturing cost of sales 7,3266,406Engineering, selling and administrative 3,3932,990Total costs and expenses 10,7199,396Operating income 2,0131,789Other income: Interest income, net 11132Other (expense) income, net (10)42Total other income, net 10174Income before income taxes 2,1141,863Income tax expense 484377Net income$ 1,630 $ 1,486 Income per common share: Basic$ 0.57 $ 0.55Diluted$ 0.56 $ 0.53 Weighted average shares outstanding: Basic 2,841,3572,716,202Diluted 2,906,1442,784,960 M-tron Industries, Inc. Condensed Consolidated Balance Sheets (Unaudited)(in thousands, except share data)March 31, 2025December 31, 2024 Assets: Current assets: Cash and cash equivalents$ 13,662 $ 12,641Accounts receivable, net of reserves of $201 and $182, respectively 6,7186,842Inventories, net 9,3659,509Prepaid expenses and other current assets 694760Total current assets 30,43929,752Property, plant and equipment, net 5,3975,061Right-of-use lease asset 2389Intangible assets, net 4040Deferred income tax asset 1,6501,623Other assets 13Total assets$ 37,765 $ 36,488 Liabilities: Total current liabilities 4,5735,216Non-current liabilities 41—Total liabilities 4,6145,216 Total stockholders' equity 33,15131,272Total liabilities and stockholders' equity$ 37,765 $ 36,488Non-GAAP Financial Measures Throughout this press release, including the results from operations, the Company presents its financial condition and results of operations in the way it believes will be most meaningful and representative of its business results. Some of the measurements the Company uses are "Non-GAAP financial measures" under SEC rules and regulations. The non-GAAP financial measures the Company presents are listed below and may not be comparable to similarly-named measures reported by other companies. the reconciliations of such measures to the most comparable GAAP measures in accordance with Regulation G are included within the relevant tables attached to this press release. The presentation of this additional information is not meant to be considered in isolation or as a substitute for net earnings or diluted earnings per share prepared in accordance with GAAP. The Company uses the following operating performance measure because the Company believes it provides both management and investors with a more complete understanding of the underlying operational results and trends and our marketplace performance: Adjusted EBITDA is derived by excluding the items set forth below from Income before income taxes. Excluded items include the following: Interest income Interest expense Depreciation Amortization Non-cash stock-based compensation Other discrete items that might have a significant impact on comparable GAAP measures and could distort the evaluation of our normal operating performance Reconciliation of GAAP Income Before Income Taxes to Non-GAAP Adjusted EBITDAThree Months Ended March 31, (in thousands, except share data)20252024 Income before income taxes$ 2,114 $ 1,863Adjustments: Interest income (111)(32)Depreciation 250219Amortization —5Total adjustments 139192EBITDA 2,2532,055Non-cash stock compensation 249207Adjusted EBITDA$ 2,502 $ 2,262The following table is a reconciliation of Adjusted EBITDA to Income before income taxes: 2022202320242025 (in thousands)Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Income before income taxes$ 794 $ 592 $ 614 $ 595 $ 719 $ 1,582 $ 2,046 $ 53 $ 1,863 $ 2,146 $ 3,008 $ 2,758 $ 2,114Adjustments: Interest expense (income) 321525(1)(13)(32)(44)(63)(104)(111)Depreciation 148165173185195190192220219220278251250Amortization 13141314131413135————Total adjustments 164181187204210209204220192176215147139EBITDA 9587738017999291,7912,2502732,0552,3223,2232,9052,253Non-cash stock compensation 21968759671140862,12420720177151249Excess Spin-off costs ———21928————————Adjusted EBITDA$ 1,177 $ 841 $ 876 $ 1,114 $ 1,028 $ 1,931 $ 2,336 $ 2,397 $ 2,262 $ 2,523 $ 3,300 $ 3,056 $ 2,502 Adjusted EBITDA margin 15.3 % 11.9 % 10.4 % 12.8 % 11.0 % 19.0 % 21.5 % 22.3 % 20.2 % 21.4 % 25.0 % 23.9 % 19.7 % View original content to download multimedia: SOURCE Mtron Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
01-05-2025
- Business
- Business Wire
M-tron Industries, Inc. to Report First Quarter 2025 Financial Results on May 13, 2025 and Host Conference Call on May 14, 2025
ORLANDO, Fla.--(BUSINESS WIRE)--M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company") will report financial results for the first quarter ended March 31, 2025, after the market closes on Tuesday, May 13, 2025. Mtron's press release will be available on the Investor Relations website at Mtron will also host a conference call on Wednesday May 14, 2025, at 10:30 a.m. ET to review these results. To access the conference call, please use the dial-in information below: An archive will be available after the call on the Events and Presentations page on the Investor Relations section of Mtron's website at About Mtron M-tron Industries, Inc. (NYSE American: MPTI) was originally founded in 1965 and designs, manufactures and markets highly-engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products' entire life cycle, including product design, prototyping, production and subsequent product upgrades. Mtron has design and manufacturing facilities in Orlando, Florida and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India. For more information, visit
Yahoo
01-05-2025
- Business
- Yahoo
M-tron Industries, Inc. to Report First Quarter 2025 Financial Results on May 13, 2025 and Host Conference Call on May 14, 2025
ORLANDO, Fla., May 01, 2025--(BUSINESS WIRE)--M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company") will report financial results for the first quarter ended March 31, 2025, after the market closes on Tuesday, May 13, 2025. Mtron's press release will be available on the Investor Relations website at Mtron will also host a conference call on Wednesday May 14, 2025, at 10:30 a.m. ET to review these results. To access the conference call, please use the dial-in information below: Toll Free Dial-in Number: (888) 672-2415 Toll Dial-in Number: +1 (646) 307-1952 Conference ID: 4068751 An archive will be available after the call on the Events and Presentations page on the Investor Relations section of Mtron's website at About Mtron M-tron Industries, Inc. (NYSE American: MPTI) was originally founded in 1965 and designs, manufactures and markets highly-engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products' entire life cycle, including product design, prototyping, production and subsequent product upgrades. Mtron has design and manufacturing facilities in Orlando, Florida and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India. For more information, visit View source version on Contacts M-tron Industries, Inc. Investor Relationsir@ Cameron PforrInterim Chief Executive Officer Sign in to access your portfolio
