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

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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

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

Mercury Systems (MRCY) Up 8.4% Since Last Earnings Report: Can It Continue?

LOS ANGELES, CA / ACCESSWIRE / May 26, 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 INVESTIGATION 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

LOS ANGELES, CA / ACCESSWIRE / May 25, 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 In Excess of $100,000 to Contact the Firm

Mercury Systems is facing some temporary headwinds in FY2023. Product line and company strategy are extremely attractive as data and microelectronics demand for defense rise.

Mercury Systems Stock: A Silicon Valley Defense Buy On Acquisition?

LOS ANGELES, CA / ACCESSWIRE / May 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.

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

LOS ANGELES, CA / ACCESSWIRE / May 11, 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 ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Mercury Systems, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)---- $MRCY #MRCY--The Schall Law Firm Announces it is Investigating Claims Against Mercury Systems, Inc. and Encourages Investors with Losses to Contact the Firm.

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

The defense industry tech company beat on earnings and revenue in its fiscal Q3, but lowered its current-quarter and full-year guidance. Management says demand is strong, but Mercury Systems is fighting macroeconomic headwinds at a time when it needs to invest in new products.

Why Mercury Systems Stock Is Tumbling Today

Mercury Systems (MRCY) delivers strong third-quarter fiscal 2023 results, wherein its revenues are higher than guidance and adjusted earnings per share are within the company's expected range.

Mercury Systems (MRCY) Q3 Earnings & Revenues Beat Estimates

MSA Safety Incorporated (MRCY) Q3 2023 Earnings Conference Call May 2, 2023 5:00 PM ET Corporate Participants Mark Aslett - President and Chief Executive Officer Michelle McCarthy - Senior Vice President and Interim Chief Financial Officer Conference Call Participants Peter Arment - Baird Seth Seifman - JPMorgan Ken Herbert - RBC Jonathan Ho - William Blair Scott Wylie - Jefferies Michael Ciarmoli - Truist Securities Operator Good day, everyone and welcome to the Mercury Systems Third Quarter Fiscal 2023 Conference Call. Today's call is being recorded.

MSA Safety Incorporated (MRCY) Q3 2023 Earnings Call Transcript

Mercury Systems (MRCY) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.57 per share a year ago.

Mercury Systems (MRCY) Q3 Earnings and Revenues Top Estimates

Mercury Systems Inc. MRCY stock dropped 9% in the extended session Tuesday after the aerospace and defense electronics maker reported fiscal third-quarter profit and sales above Wall Street expectations but cut its guidance for the year. Mercury Systems earned $5.2 million, or 9 cents a share, in the quarter, compared with $4.1 million, or 7 cents a share, in the third quarter of fiscal 2022.

Mercury Systems stock falls 9% as aerospace and defense tech company lowers 2023 guidance

Third Quarter Highlights Include: Revenues increased 4% year over year exceeding guidance Positive organic revenue growth in the quarter Strong demand environment supports long term outlook

Mercury Systems Reports Third Quarter Fiscal 2023 Results

Mercury Systems' (MRCY) Q3 performance is likely to have been driven by revenue contributions from the newly acquired businesses and the increasing need for modernization in radar, electronic warfare and C4I.

What's in the Cards for Mercury Systems (MRCY) in Q3 Earnings?

ANDOVER, Mass., April 25, 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. Kyrsten Sinema and a group of manufacturing business leaders for an event at its Phoenix facility.

Mercury Systems Hosts U.S. Senator Kyrsten Sinema at its Phoenix Facility

ANDOVER, Mass., April 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 third quarter fiscal year 2023 financial results after the market close on Tuesday, May 2, 2023.

Mercury Systems to report third quarter fiscal year 2023 financial results on May 2, 2023

ANDOVER, Mass., March 02, 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 the appointment of Christine Fox Harbison as Executive Vice President and Chief Growth Officer, effective March 6, 2023.

Mercury Systems Appoints Christine Fox Harbison as Executive Vice President and Chief Growth Officer

Why Is Mercury Systems (MRCY) Down 5.1% Since Last Earnings Report?

ANDOVER, Mass., Feb. 16, 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, welcomed U.S. Rep. Dale Strong to its Huntsville, Alabama, facility to showcase how it enables its customers to accelerate innovation and turn data into decision superiority.

Mercury Systems Hosts U.S. Representative Dale Strong at its Huntsville Facility

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Mercury To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - February 13, 2023) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Mercury Systems, Inc. ("Mercury" or the "Company") (NASDAQ: MRCY).If you suffered losses exceeding $50,000 investing in Mercury stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Mercury Shareholder Action Reminder

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Mercury To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - February 12, 2023) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Mercury Systems, Inc. ("Mercury" or the "Company") (NASDAQ: MRCY).If you suffered losses exceeding $50,000 investing in Mercury stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Mercury Investor Alert

Mercury stock has struggled in recent years but recent new bookings show improving fundamentals. Free cash flow has improved, and margins have bottomed out, leaving room for share upside.

News for Mercury Systems Stock (MRCY)