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.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRCY:
- MRCY Upcoming Earnings Report: What to Expect?
- Mercury Systems Announces New Leadership and Strategic Plans
- Mercury Systems awarded 5-year contract from U.S. NAVAIR
- Mercury Systems, Boeing sign contract for FPGA processor boards
- Mercury expands portfolio of Direct RF digital signal processing products