Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Mercury Systems Inc (MRCY)
NASDAQ:MRCY
Holding MRCY?
Track your performance easily
Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-$0.05Last Year’s EPS
-$0.42Same Quarter Last Year
Based on 6 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 14.13%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong bookings and revenue growth, significant backlog, and improved adjusted EBITDA. However, challenges remain with negative free cash flow, declining gross margins, and impacts from transitory items. The company is focused on improving free cash flow and margin expansion while maintaining strong production order momentum.Company Guidance
During the Mercury Systems Q1 FY '25 earnings call, the company provided detailed guidance on its financial performance and strategic priorities. Key metrics included Q1 bookings of $247.7 million, representing a 29% increase year-over-year and a book-to-bill ratio of 1.21. Revenue for the quarter was $204.4 million, up 13% from the previous year. The adjusted EBITDA was reported at $21.5 million, with a margin of 10.5%, both showing substantial year-over-year improvements. Despite a negative free cash flow of $20.9 million, this was an improvement of $26.2 million from the prior year. The company's backlog grew to over $1.3 billion, a 16% increase year-over-year, highlighting robust demand and order intake. Mercury outlined its focus on delivering predictable performance, expanding margins, and driving organic growth, with specific attention to transitioning to full-rate production in its common processing architecture and improving free cash flow by reducing net working capital. Looking ahead, Mercury anticipates flat revenue for FY '25 compared to the previous year, with expectations for an improved exit run rate as the year progresses, supported by higher-margin bookings and production mix shift.Strong Q1 Bookings
Q1 bookings of $247.7 million, up 29% year-over-year, with a book-to-bill ratio of 1.21.
Revenue Growth
Q1 revenue of $204.4 million, up 13% year-over-year.
Improved Adjusted EBITDA
Q1 adjusted EBITDA of $21.5 million and an adjusted EBITDA margin of 10.5%, both showing substantial improvement year-over-year.
Record Backlog
Backlog increased to over $1.3 billion, up 16% year-over-year.
Operating Expense Reduction
Reduced operating expenses due to streamlining efforts, contributing to positive operating leverage.
Significant Production Orders
Notable wins include a 5-year contract worth up to $131.3 million from the U.S. Naval Air Systems Command.
---
MRCY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
MRCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $34.19 | $42.22 | +23.49% |
| Aug 13, 2024 | $34.00 | $40.00 | +17.65% |
| May 07, 2024 | $29.11 | $28.77 | -1.17% |
| Feb 06, 2024 | $30.25 | $26.80 | -11.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Mercury Systems Inc (MRCY) report earnings?
Mercury Systems Inc (MRCY) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Mercury Systems Inc (MRCY) earnings time?
Mercury Systems Inc (MRCY) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MRCY EPS forecast?
MRCY EPS forecast for the fiscal quarter 2025 (Q2) is -$0.05.
---