Mercury Systems

Mercury Systems, Inc. is a global commercial technology company, which serves the aerospace and defense industry. It offers products through the following categories: Components, Modules and Sub-Assemblies, and Integrated Subsystems. The Components category refers to technology elements performing a single, discrete technological function, which when physically combined with other components may be used to create a module or sub-assembly. The Modules and Sub-Assemblies category includes combinations of multiple functional technology elements and components that work together to perform multiple functions but are resident on or within a single board or housing. The Integrated Subsystems category covers multiple modules and sub-assemblies combined with a backplane or similar functional element and software to enable a solution. The company was founded on July 14, 1981, and is headquartered in Andover, MA.

Earnings data Q3 2021

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MRCY reports strong Q3 performance but faces challenges with development delays and higher costs

MRCY's Q3 performance exceeded revenue guidance but faced challenges due to pandemic impacts and development program shifts. Optimism for record bookings and a positive book-to-bill for the year, along with progress in production ramp-up, positions the company for a rebound in fiscal '24. Challenges with delays, technology issues, and higher costs have impacted results for the year.

Mercury Systems reports Q2 growth, eyes margin expansion in Q4

Mercury Systems navigated challenges in Q2, with revenue growth, increased bookings, and a focus on margin expansion and cost-saving initiatives.
Despite program delays impacting EBITDA, the company remains optimistic about returning to organic growth and improving cash flow in Q4 and fiscal '24.
Anticipated improvements in lead times and pricing actions to counter inflation present opportunities for growth and profitability.
Strong backlog coverage, supply chain coordination, and a strategic review for potential options position Mercury Systems for future success.

Mercury Systems reports strong Q3 performance amidst margin challenges

Mercury Systems' Q3 performance showcased strong revenues, record bookings, and challenges in margin degradation from development programs and pandemic impacts.
Despite challenges, the company is making progress with improved yields, leadership changes, and a software fix expected to resolve issues affecting production.
Opportunities lie in margin expansion, growth prospects, and resolving challenges to improve working capital in fiscal '24 and beyond.

Mercury Systems anticipates transition year, focuses on growth and execution

Mercury Systems anticipates a transition year in FY '24 with a focus on improving execution, driving organic growth, and enhancing margins.
Challenges on certain programs impacted financial performance, but the company is confident in resolving them and improving cash flow conversion.
The company's strong strategic positioning and focus on operational efficiency bode well for future growth and margin expansion.
Guidance reflects a conservative view on improvement, with opportunities identified in addressing challenges and capitalizing on future programs.

Mercury Systems reports Q1 challenges, eyes profitability rebound

Mercury Systems faced challenges in Q1 2024 with a focus on completing challenged programs to drive profitability and improve cash flow.
Despite a decrease in revenues and challenges in program costs, the company maintained full-year guidance and anticipates better performance in the second half.
Stability improvements, a focus on material progression, and expectations of improved bookings present opportunities for enhanced profitability and cash flow.

Mercury Systems reports mixed Q2 results, lowers revenue guidance

Mercury Systems' Q2 2024 earnings call highlighted strong bookings and positive cash flow, but revenue and earnings fell short of expectations. The company revised revenue guidance downward, withdrew full-year earnings guidance, and emphasized transitioning programs to production and improving working capital management. Challenges include cost growth, program delays, and potential cash flow risks.

Mercury Systems reports record backlog and challenges in margin expansion

Mercury Systems showed progress in Q3 2024 but faced challenges with margin expansion and common processing architecture.
The company's strengths lie in improved free cash flow, resolving challenge programs, and positive outlook on future pipeline.
Opportunities in targeting the space market, transitioning programs to production, and market attractiveness are key for future growth.

Mercury Systems (MRCY) exceeds expectations in FY '24, eyes growth in FY '25

Mercury Systems (MRCY) reported strong FY '24 results, exceeding revenue and free cash flow expectations. The company aims to address challenges and capitalize on opportunities in FY '25 to drive growth and margin expansion. Focus on predictable performance, organic growth, and free cash flow improvement.

Mercury Systems (MRCY) reports strong Q1 results and eyes margin improvement in FY '25

Mercury Systems delivered robust Q1 2025 results with strong bookings and revenue growth, backed by a record backlog.
While facing challenges like negative free cash flow and supply chain constraints, the company is focused on operational improvements.
Strategic priorities and expectations for improving margins and positive free cash flow signal a promising outlook for FY '25.

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Mercury Systems, Inc. is a technology company, which engages in the delivery of processing technology for aerospace and defense missions. Its processing technologies include signal solutions, display, software applications, networking, storage, and secure processing. It operates through the following geographical segments: US, Asia Pacific, and Europe. The company was founded on July 14, 1981 and is headquartered in Andover, MA.

Achieves #91 ranking, only aerospace and defense company named to list Achieves #91 ranking, only aerospace and defense company named to list

Mercury Systems named to Fortune Magazine's list of 100 Fastest-Growing Companies for second straight year

The buyout of Avalex Technologies will further strengthen Mercury Systems' (MRCY) mission-processing capabilities and display offering.

Mercury Systems (MRCY) Completes Avalex Acquisition Deal

ANDOVER, Mass., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced the completion of its acquisition of Avalex Technologies (“Avalex”).

Mercury Systems completes acquisition of Avalex Technologies

Mercury's (MRCY) fiscal first-quarter results reflect benefits from the acquisitions of Physical Optics Corporation and Pentek, consecutive deal wins and solid demand for its products.

Mercury Systems' (MRCY) Q1 Earnings & Revenues Top Estimates

Mercury Systems, Inc. (MRCY) CEO Mark Aslett on Q1 2022 Results - Earnings Call Transcript

Mercury Systems (MRCY) delivered earnings and revenue surprises of 5.13% and 5.89%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Mercury Systems (MRCY) Surpasses Q1 Earnings and Revenue Estimates

First Quarter Highlights Include: Revenues of $225 million increased 9% over prior year Executing on 1MPACT value creation initiative Announced agreement to acquire Avalex Technologies

Mercury Systems Reports First Quarter Fiscal 2022 Results

ANDOVER, Mass., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Mercury Systems, Inc., (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced that Roger Wells has joined the Company as executive vice president and president of Mercury's Microelectronics division, effective Nov. 1, 2021. Reporting to Mark Aslett, Mercury's president and chief executive officer, Mr. Wells brings more than 25 years' experience across multiple disciplines including engineering, business development, program management, and executive management.

Mercury Systems announces appointment of Roger Wells as Executive Vice President, President of Microelectronics division

Ideal for rapid prototyping with SOSA aligned RFSoC-based Quartz modules, saving time and money Ideal for rapid prototyping with SOSA aligned RFSoC-based Quartz modules, saving time and money

Mercury Systems announces SOSA aligned development platform to simplify complex subsystem design

ANDOVER, Mass., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced that Debora A. Plunkett, former director of information assurance at the National Security Agency, was elected to its Board of Directors at the annual meeting of shareholders. “We are very pleased to announce that Debora has joined our Board of Directors, where her extensive experience in cyber and national security, as well as information assurance, will be an excellent addition especially as we continue Mercury's digital transformation,” said Mark Aslett, president and chief executive officer of Mercury Systems. “We look forward to benefitting from her insights and expertise as we continue to deliver on our purpose of Innovation That Matters By and For People Who Matter.”

Debora A. Plunkett elected to Board of Directors of Mercury Systems; William K. O'Brien appointed Chairman of the Board with retirement of Vincent Vitto

Mercury Systems (MRCY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Mercury Systems (MRCY) Q1 Earnings Expected to Decline

ANDOVER, Mass., Oct. 11, 2021 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, will release its first quarter fiscal year 2022 financial results after the market close on Tuesday, November 2, 2021.

Mercury Systems to report first quarter fiscal year 2022 financial results on November 2, 2021

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The Computer - Peripheral Equipment industry players like Logitech (LOGI), LG Display (LPL), Mercury Systems (MRCY) and Stratasys (SSYS) are set to gain from the growing demand for video conferencing, professional gaming and defense modernization.

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ANDOVER, Mass., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Mercury Systems, Inc., (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced that Mitch Stevison has joined the Company as executive vice president and chief growth officer, effective Oct. 4, 2021. Reporting to Mark Aslett, Mercury's president and chief executive officer, Dr. Stevison will drive and align the Company's growth strategy across the enterprise to achieve its growth objectives.

Mercury Systems announces appointment of Mitch Stevison as Executive Vice President, Chief Growth Officer

Mercury Systems (MRCY) to acquire innovative avionics maker, Avalex Technologies, for expanding its mission management portfolio, and strengthening its position in the global avionics business.

Mercury Systems (MRCY) to Acquire Avionics Maker Avalex

Mercury Systems Inc (NASDAQ: MRCY) has agreed to acquire  Avalex Technologies Corporation in an undisclosed all-cash deal. Avalex is a provider of mission-critical avionics, including rugged displays, integrated communications management systems, digital video recorders, and warning systems.

Mercury Systems To Acquire Avalex Technologies For Undisclosed Sum

ANDOVER, Mass., Sept. 27, 2021 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced that it has signed a definitive agreement to acquire Avalex Technologies Corporation (“Avalex”). Based in Gulf Breeze, Fla., Avalex is a provider of mission-critical avionics, including rugged displays, integrated communications management systems, digital video recorders, and warning systems.

Mercury Systems to acquire Avalex Technologies Corporation

Pre-configured multi-vendor system enables engineers to immediately start application design, saving valuable time and money Pre-configured multi-vendor system enables engineers to immediately start application design, saving valuable time and money

Mercury Systems successfully demonstrates ready-to-run SOSA aligned sensor processing platform

ANDOVER, Mass., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Mercury Systems, Inc., (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced that Thomas Huber has joined the Company as executive vice president and chief transformation officer, effective Sept. 7, 2021. Reporting to Mark Aslett, Mercury's president and chief executive officer, Mr. Huber will lead the Company's 1MPACT strategic value creation initiative announced in its fourth-quarter fiscal 2021 earnings release.

Mercury Systems announces appointment of Thomas Huber as Executive Vice President, Chief Transformation Officer

Mercury Systems (MRCY) reported earnings 30 days ago. What's next for the stock?

Why Is Mercury Systems (MRCY) Down 10.7% Since Last Earnings Report?

ANDOVER, Mass., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced that five of its products were recognized among the most innovative solutions in aerospace and defense products and systems by the judges of the 2021 Military & Aerospace Electronics Innovators Awards program. The judging panel consisted of esteemed senior professionals from the aerospace and defense community.

Mercury Systems wins five product excellence awards in Military & Aerospace Electronics 2021 Innovators Awards program

Mercury Systems Inc (NASDAQ:MRCY) reported a 3% decline in organic earnings for the fiscal fourth quarter and announced disappointing guidance for fiscal 2022, citing the timing of awards, administration changes and customer execution issues as the reasons, according to BofA Securities. The Mercury Systems Analyst: Ronald Epstein downgraded the rating for Mercury Systems from Buy to Underperform, while reducing the price target from $85 to $56.

BofA Announces Double Downgrade On Mercury Systems

We believe that Mercury Systems stock, a technology company that manufactures computer hardware and software serving the defense and aerospace industry, is a good buying opportunity at the present time. MRCY stock trades near $51 currently and it is, in fact, down 40% from its pre-Covid high.

Should You Buy Mercury Systems At Around $50 Levels?

Proven, high-performance data solutions manage and protect critical aircraft data Proven, high-performance data solutions manage and protect critical aircraft data

New avionics data recorder, storage and transfer systems accelerate communications, situational awareness and surveillance

There is a great deal of negativity in this sector around defense level budget spending - this is where the opportunity lies. Big US defense contractors rely on Mercury to supply subsystems and electronic components.

News for Mercury Systems Stock (MRCY)