M-tron Industries, Inc. - MPTI STOCK NEWS

MtronPTI (NYSE American: MPTI) has secured a significant contract worth over $10 million from a major U.S. Department of Defense prime contractor for an air defense program. The order includes high-performance rugged lumped element radio frequency filters and precision clock oscillators.

The program, which supports both U.S. and allied nations' air defense systems, is expected to continue production beyond 2029. The work will be performed at the company's Orlando, Florida facility through mid-2026.

This contract reinforces MtronPTI's position in providing precision RF components for critical defense applications, including precision guided munitions, radars, electronic warfare systems, airframes, drones, autonomous vehicles, and space platforms.

M-tron Industries (MPTI) reported strong Q3 2024 results with significant growth across key metrics. Revenue increased 21.4% to $13.2 million, while gross margin improved 500 basis points to 47.8%. Net income per diluted share rose 42.1% to $0.81. The company's performance was driven by strong defense-related orders and improved operating efficiencies. Management raised FY 2024 revenue guidance to $46-48 million from $43-45 million, expecting to exceed previous forecasts with an EBITDA margin of 19-21%. Despite a decrease in backlog to $39.8 million, the company maintains a positive outlook due to continued momentum in defense-related sales.

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.