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.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Mercury Systems (MRCY), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Ahead of Mercury Systems (MRCY) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics

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) Q4 Earnings Expected to Decline

ANDOVER, Mass., July 23, 2024 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, will release its fourth quarter and full fiscal year 2024 financial results after the market close on Tuesday, August 13, 2024.

Mercury Systems to Report Fourth Quarter and Full Fiscal Year 2024 Financial Results on August 13, 2024

Investors interested in Computer - Peripheral Equipment stocks are likely familiar with Alps Electric (APELY) and Mercury Systems (MRCY). But which of these two stocks offers value investors a better bang for their buck right now?

APELY vs. MRCY: Which Stock Is the Better Value Option?

Mercury (MRCY) secures a $13.2 million agreement from the U.S. Navy to advance chip-sale technologies, which will reduce electronic warfare design timelines.

Mercury (MRCY) Secures $13.2 Million Agreement From U.S. Navy

ANDOVER, Mass., July 10, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com ), a technology company that delivers mission-critical processing power to the edge, today announced an agreement with the U.S. Navy to advance sensor processing technologies that will allow radar and electronic warfare (EW) capabilities to be designed on much shorter timelines.

U.S. Navy Funds Mercury to Advance Chip-Scale Technologies Needed to Reduce Electronic Warfare Design Timelines

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ANDOVER, Mass., June 18, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com ), a technology company that delivers mission-critical processing power to the edge, today announced the appointment of Tod Brindlinger as Senior Vice President of Operations, effective June 10, 2024. The company also announced the completion of the second phase of an organizational restructuring that began in January to improve performance and accelerate growth by consolidating and simplifying its operations.

Mercury Appoints Senior Vice President of Operations, Completes Second Phase of Organizational Restructuring

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

Mercury Systems (MRCY) Up 5.6% Since Last Earnings Report: Can It Continue?

NEW YORK , May 17, 2024 /PRNewswire/ -- Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against: Mercury Systems Inc. ("MRCY" or the "Company") (NYSE: MRCY) Shareholders who purchased before February 3, 2021 should email: Fletcher@fmoorelaw.com The investigation concerns false and/or misleading statements and/or failure to disclose that: (i) Mercury Systems' serial acquirer strategy was not working and Mercury Systems was using improper revenue recognition practices such as changing to long-term contracts to mask deteriorating organic growth; (ii) Mercury Systems' acquisition of Physical Optics Corporation ("POC") caused POC to lose its small business accreditation, which prevented POC from winning contracts that made up a large portion of its historical business; (iii) Mercury Systems had at least twenty programs that were suffering and not performing well; and (iv) Mercury Systems' initiative to increase margins was not working and was in fact cutting into margins. Glasshouse Research published an article advising that "Mercury Systems is a serial acquirer that uses acquisitions to mask suspect revenues and earnings.

INVESTOR ACTION NOTICE: Moore Law PLLC Encourages Investors in Mercury Systems Inc. to Contact Law Firm

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Mercury Systems' (MRCY) third-quarter fiscal 2024 top-line results suffer due to increasing operating expenses as a percentage of revenues and margin pressure.

Mercury Systems (MRCY) Q3 Earnings & Revenues Miss Estimates

Mercury Systems, Inc. (NASDAQ:MRCY ) Q3 2024 Results Conference Call May 7, 2024 5:00 PM ET Company Participants Dave Farnsworth - Executive Vice President and Chief Financial Officer Bill Ballhaus - Chairman and Chief Executive Officer Conference Call Participants Pete Skibitski - Alembic Global Sheila Kahyaoglu - Jefferies Dave Farnsworth Good afternoon, and thank you for joining us. With me today is our Chairman and Chief Executive Officer, Bill Ballhaus.

Mercury Systems, Inc. (MRCY) Q3 2024 Earnings Call Transcript

The headline numbers for Mercury Systems (MRCY) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Mercury Systems (MRCY) Reports Q3 Earnings: What Key Metrics Have to Say

ANDOVER, Mass., May 07, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the third quarter of fiscal year 2024, ended March 29, 2024.

Mercury Systems Reports Third Quarter Fiscal 2024 Results

Mercury Systems (MRCY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Mercury Systems (MRCY) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

Mercury (MRCY) secures a production agreement from BlueHalo to deliver digital signal processing hardware for the satellite control system of the U.S. Space Force.

Mercury (MRCY) Secures Production Agreement From BlueHalo

ANDOVER, Mass., April 18, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced a production agreement with BlueHalo, the company transforming the future of global defense, to support the U.S. Space Force (USSF)'s Satellite Communication Augmentation Resource (SCAR) program.

BlueHalo Awards Mercury Production Agreement to Provide Digital Signal Processing Hardware for U.S. Space Force Satellite Control System

ANDOVER, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, will release its third quarter fiscal year 2024 financial results after the market close on Tuesday, May 7, 2024.

Mercury Systems to Report Third Quarter Fiscal Year 2024 Financial Results on May 7, 2024

ANDOVER, Mass., April 10, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a $31 million contract from L3Harris Technologies (NYSE: LHX) to provide solid-state data recorders for the U.S. Space Development Agency (SDA)'s Tranche 2 Tracking Layer satellite constellation.

L3Harris Selects Mercury to Provide Solid-State Data Recorders for SDA's Tranche 2 Tracking Layer Satellites

GENEVA, March 21, 2024 (GLOBE NEWSWIRE) -- Mercury Mission Systems International SA (www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced that it will advance the manufacturing of defense technologies in Switzerland in collaboration with Lockheed Martin. This project is a direct result of the offset program between Lockheed Martin and the Swiss government as part of Switzerland's purchase of the F-35 Lightning II.

Mercury Systems and Lockheed Martin to Advance Defense Manufacturing Capabilities in Switzerland

Mercury Systems (MRCY) unveils the early access program for its groundbreaking RFS1140 direct RF System-in-Package.

News for Mercury Systems Stock (MRCY)