M-tron Industries, Inc. - MPTI STOCK NEWS

M-tron Industries (NYSE American: MPTI) has appointed Cameron Pforr as Chief Financial Officer, effective October 3, 2024. MtronPTI, a manufacturer of electronic components for RF solutions in defense, expects to meet or exceed its fiscal year 2024 guidance of $46.0-$48.0 million in revenues with 19-21% EBITDA. The company reported strong Q2 2024 results, with revenue up 16.4% and net income up 36.6% year-over-year.

Mr. Pforr will focus on executing MtronPTI's growth strategy, emphasizing shareholder value creation and managing finance and investor relations. He brings extensive experience in finance, business management, and corporate development, having executed over thirty M&A transactions. The company's strategic investments in defense continue to drive growth, particularly in missile programs, satellite platforms, and UAV programs.

M-tron Industries (NYSE American: MPTI) has announced its participation in the Sidoti September Virtual Investor Conference on September 18-19, 2024. CEO Michael Ferrantino and VP of Strategy Cameron Pforr will represent the company, presenting on September 18 at 8:30 am Eastern Time.

The presentation will be accessible live via a provided Zoom link. Additionally, MtronPTI will host one-on-one meetings with investors on both days of the conference. Interested parties can register for free at www.sidoti.com/events, with no requirement to be a Sidoti client.

This event offers MtronPTI an opportunity to showcase its business to potential investors and participate in a conference featuring various small-cap companies.

M-tron Industries, Inc. (NYSE American: MPTI) reported strong Q2 2024 results with significant growth since its 2022 IPO. Key highlights include:

• Net income increased 36.6% to $1,744,000 ($0.63 per diluted share) in Q2 2024
• Revenues up 16.4% to $11,808,000 in Q2 2024
• Gross margin improved to 46.6% in Q2 2024
• Adjusted EBITDA rose 30.7% to $2,523,000 in Q2 2024

MPTI raised its 2024 revenue outlook to $46.0-$48.0 million, citing strong defense-related sales and accelerated production. The company expects EBITDA to remain in the 19-21% range for the rest of 2024.

M-tron Industries (NYSE American: MPTI) announced that CEO Michael Ferrantino and EVP of Finance Linda Biles will present at the 14th Annual East Coast IDEAS Investor Conference on June 12, 2024, at Jay Conference – Bryant Park, New York, NY.

The presentation is scheduled for 2:00 PM ET and will be webcasted. The webcast link will be available on the event host’s main website and on MtronPTI's investor relations website.

M-tron Industries, Inc. (NYSE American: MPTI) reported a significant revenue increase of $1,818,000 to $11,185,000 for the first quarter of 2024 compared to $9,367,000 for the same period in 2023. The gross margin saw a notable increase of 861 basis points to 42.7%. Net income per diluted share rose by $0.33 to $0.53. However, backlog decreased to $46,130,000 as of March 31, 2024. Adjusted EBITDA surged by $1,234,000 to $2,262,000. The Company's Chief Executive Officer highlighted the strong operational performance and revenue growth, setting a positive outlook for shareholders. An Investor Day is scheduled for May 8, 2024, to provide insights into the Company's strategic direction and financial performance.

M-tron Industries, Inc. (NYSE American: MPTI) has announced an Investor Day scheduled for May 8th, 2024, to provide stakeholders with a detailed overview of the company's strategic direction, financial performance, and operational highlights. The event will feature presentations by key executives, including a Q&A session, with both in-person and webcast attendance options.

M-tron Industries, Inc. (MPTI) announces the promotion of Linda Biles to Executive Vice President of Finance. Linda, with 16 years of experience at the company, has shown exceptional financial acumen and leadership. She replaces outgoing CFO James Tivy, who resigned after 6 years.

M-tron Industries, Inc. (MPTI) reported strong financial results for the fiscal year ended December 31, 2023, with total revenues of $41.2 million, a 29.3% increase from the previous year. Consolidated gross margin improved to 40.7%, and diluted net income per share rose to $1.28. Adjusted EBITDA for 2023 was $7.7 million, showcasing significant growth. The company's CEO highlighted the successful first year as a public company and emphasized a focus on improving results and maintaining margins.

M-tron Industries, Inc. (MPTI) has announced the formation of a special independent strategic committee to pursue value-enhancing strategies, including department of defense engagements, joint ventures, and potential business acquisitions or combination opportunities. The company remains committed to excellence in the Aerospace and Defense (A&D) end markets, providing mission-critical components and subsystems to enhance the capabilities of high reliability systems. With a focus on advancing the A&D sector, M-tron Industries, Inc. seeks to pursue potential M&A activity in the aerospace and defense industry, aiming to leverage the core competencies of the company’s management and board of directors. The Chairman of the Board emphasized the company's dedication to seeking value creation opportunities for shareholders and increasing shareholder value.