Reports Q1 revenue $204.4M , consensus $ $181.772M.First quarter fiscal 2025 adjusted EBITDA for the total Company was $21.5 million, compared to $2.0 million for the first quarter of fiscal 2024….Mercury’s total backlog at September 27, 2024 was $1.34 billion, a $187.8 million increase from a year ago. Of the September 27, 2024 total backlog, $777.0 million represents orders expected to be recognized as revenue within the next 12 months.”Our first quarter 2025 results were generally as expected, and I am optimistic about our strategic positioning and expectations to deliver predictable organic growth with expanding margins and robust free cash flow,” said Bill Ballhaus, Mercury’s Chairman and CEO. “In the quarter we generated bookings of $247.7M, which is up 29% year-over-year and represents a book-to-bill of 1.21; revenue of $204.4M, up 13% year-over-year; adjusted EBITDA of $21.5M and adjusted EBITDA margin of 10.5%, both up substantially year-over-year.”
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