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

Earnings data Q4 2021

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Earnings data Q1 2025

Earnings data Q2 2025

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.

Mercury Systems (MRCY) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.81 per share a year ago.

Mercury Systems (MRCY) Misses Q4 Earnings and Revenue Estimates

Bill Ballhaus appointed as President and CEO Management and Board of Directors aligned on strength of strategy and business model Initial cost actions result in approximately $20 million to $22 million of net savings in fiscal 2024 Strong demand environment supports long-term outlook ANDOVER, Mass., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the fourth quarter and fiscal year 2023, ended June 30, 2023.

Mercury Systems Reports Fourth Quarter and Fiscal 2023 Results and Progress Against Enhanced Execution Plan

ANDOVER, Mass., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (the “Company” or “Mercury”) (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced that its Board of Directors has appointed Bill Ballhaus as President and Chief Executive Officer, effective immediately. Mr. Ballhaus had been serving as Mercury's interim President and Chief Executive Officer since June 24, 2023.

Mercury Systems Names Bill Ballhaus as President and CEO

ANDOVER, Mass., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced it has completed delivery of the processing hardware for the U.S. Army's first six Lower Tier Air and Missile Defense Sensor (LTAMDS) radars, being built by Raytheon, an RTX business.

Mercury Completes Delivery of Critical Hardware for the U.S. Army's Next-Generation LTAMDS Radars

Mercury (MRCY) receives $14 million contract from the supplier of Polish Armed Forces, PIT-RADWAR S.A., to upgrade a mobile radar system.

Mercury (MRCY) Receives $14M Contract From PIT-RADWAR S.A.

ANDOVER, Mass., July 19, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, received a $14 million contract from PIT-RADWAR S.A., a supplier of the Republic of Poland's Armed Forces, to deliver subsystem processing boards for a new mobile radar system. Under this contract, Mercury will upgrade the system architecture with a new design to improve performance, range, and accuracy of the radar.

Mercury Selected to Deliver Upgraded Processing Power for Polish Radar System

Activist Jana Partners recently entered a voting agreement with Mercury Systems.

Jana brought an aerospace rock star to Mercury Systems. These next steps could help build value

Mercury (MRCY) receives $83 million contract from the U.S. Naval Air Systems Command to deliver Head-Up Display systems for T-45 Goshawk aircraft.

Mercury (MRCY) Receives $83M US Naval Air Systems Contract

ANDOVER, Mass., July 12, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, received a five-year contract worth as much as $83 million from the U.S. Naval Air Systems Command to deliver high-definition, digital Head-Up Display (HUD) systems for the T-45 Goshawk training aircraft. This firm-fixed-price delivery order was issued under a previously awarded basic ordering agreement. The Navy is the first customer to adopt Mercury's HUD1080 technology that enables aviators to see critical flight and weapons data in real-time without taking their eyes off the sky.

NAVAIR Selects Mercury to Deliver Digital Head-Up Display for T-45 Goshawk Training Aircraft

ANDOVER, Mass., July 11, 2023 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, will release its fourth quarter and full fiscal year 2023 financial results after the market close on Tuesday, August 15, 2023.

Mercury Systems to report fourth quarter and full fiscal year 2023 financial results on August 15, 2023

After curbing its investment in Mercury Systems Inc. ( MRCY , Financial) during the first quarter, Jana Partners (Trades, Portfolio) disclosed last week it boosted the stake by 133.53%.

Jana Partners Increases Mercury Systems Stake Following Board Shake-Up

Mercury Systems MRCY said Thursday that it has named interim president and chief executive officer Bill Ballhaus as the chairman of the board in the latest executive move at the technology company.

Mercury Systems taps interim president and CEO as next chairman

ANDOVER, Mass., July 06, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com) (“Mercury” or the “Company”), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced a continuation of recent actions by the Board of Directors of Mercury (the “Board”) to enhance the execution of the Company's strategic plan to drive value creation for all stakeholders through Board leadership changes and the appointment of an additional independent director with a shareholder perspective and proven investment track record.

Mercury Systems Advances Go-Forward Strategic Plan Through Continued Board Refreshment

LOS ANGELES, CA / ACCESSWIRE / July 3, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Mercury Systems, Inc. ("Mercury" or "the Company") (NASDAQ:MRCY) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Mercury Systems, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

Finance and Technology Leader, David Farnsworth, Named CFO Former Chairman and CEO of Leidos, Roger Krone, Appointed to Board

Mercury Systems Announces Appointments of Chief Financial Officer and Independent Director

The stock market is often a fickle beast, and for Mercury Systems ( US:MRCY ), a turbulent period of strategic review and executive transitions has added fuel to the market's fire.

After Mercury Systems Shuns Sale, CEO Exits and JPMorgan Loses Hope

U.S. military chip maker Mercury Systems Inc is locked in an unusual dispute with its former chief executive who is demanding a payout, most recently valued at $33 million, because the company tried to sell itself, regulatory filings show.

Mercury Systems rebuffs former CEO's unusual pay demand

NEW YORK--(BUSINESS WIRE)---- $MRCY #classaction--The law firm of Kirby McInerney LLP is investigating potential claims against Mercury Systems Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY). The investigation concerns whether Mercury and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. Mercury provides commercially developed sensor processing subsystems. On July 26, 2022, investment research firm Glasshouse Research initiated coverage of Merc.

Kirby McInerney LLP Continues Investigation of Shareholder Claims Against Mercury Systems Inc. (MRCY)

Shares of Mercury Systems Inc. MRCY, -4.23% dropped more than 10% in the extended session Friday after the aerospace and defense company said it has named board member Bill Ballhaus as its interim president and CEO, effective Saturday, and that a search for a suitor has failed. Ballhaus succeeds Mark Aslett, who has resigned, also effective Saturday, Mercury said.

Mercury Systems stock tanks 10% as company's sale falls through, interim CEO named

Board Concludes Thorough Review of Strategic Alternatives; Remains Open to All Pathways to Maximize Shareholder Value

Mercury Systems to Focus on Enhanced Execution of Strategic Plan Under Refreshed Leadership Team

Mercury (MRCY) introduces Rock 4, the first safety certifiable, small-form factor and ruggedized mission computer with latest 11th generation Intel Core i7 processors.

Mercury (MRCY) Launches Rock 4 Mission Computer With Intel

LOS ANGELES, CA / ACCESSWIRE / June 20, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Mercury Systems, Inc. ("Mercury" or "the Company") (NASDAQ:MRCY) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Mercury Systems, Inc. and Encourages Investors with Losses to Contact the Firm

ANDOVER, Mass., June 15, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com ), a technology company that delivers processing power for the most demanding aerospace and defense missions, today introduced ROCK 4, the first safety certifiable, small-form factor, ruggedized mission computer with latest 11th gen Intel® Core™ i7 processors.

Mercury Introduces ROCK 4 Mission Computer That Sets New Performance Standard for Small Form-factor Avionics

ANDOVER, Mass., June 14, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, on Friday hosted U.S. Sen. Jeanne Shaheen at its Hudson, NH, facility, showcasing the company's technologies and manufacturing capabilities that support critical defense programs across the U.S. and international defense communities.

Mercury Systems Hosts U.S. Senator Jeanne Shaheen at its Hudson Facility

LOS ANGELES, CA / ACCESSWIRE / June 10, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Mercury Systems, Inc. ("Mercury" or "the Company") (NASDAQ: MRCY) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Mercury Systems, Inc. and Encourages Investors with Losses to Contact the Firm

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