M-tron Industries, Inc. Appoints Cameron Pforr as Chief Financial Officer
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) ha nominato Cameron Pforr come Chief Financial Officer, con effetto dal 3 ottobre 2024. MtronPTI, un produttore di componenti elettronici per soluzioni RF in ambito difensivo, prevede di soddisfare o superare le sue previsioni per l'anno fiscale 2024 di 46,0-48,0 milioni di dollari di fatturato, con un EBITDA del 19-21%. L'azienda ha riportato forti risultati Q2 2024, con un incremento del fatturato del 16,4% e un utile netto aumentato del 36,6% rispetto all'anno precedente.
Il signor Pforr si concentrerà sull'attuazione della strategia di crescita di MtronPTI, enfatizzando la creazione di valore per gli azionisti e gestendo le finanze e le relazioni con gli investitori. Porta con sé un'ampia esperienza in finanza, gestione aziendale e sviluppo aziendale, avendo eseguito oltre trenta transazioni di M&A. Gli investimenti strategici dell'azienda nella difesa continuano a guidare la crescita, in particolare nei programmi missilistici, nelle piattaforme satellitari e nei programmi UAV.
M-tron Industries (NYSE American: MPTI) ha nombrado a Cameron Pforr como Chief Financial Officer, con efecto desde el 3 de octubre de 2024. MtronPTI, un fabricante de componentes electrónicos para soluciones RF en defensa, espera cumplir o superar su orientación para el año fiscal 2024 de 46,0-48,0 millones de dólares en ingresos, con un EBITDA del 19-21%. La compañía reportó sólidos resultados Q2 2024, con un aumento del 16,4% en los ingresos y un incremento del 36,6% en el ingreso neto en comparación con el año anterior.
El Sr. Pforr se enfocará en ejecutar la estrategia de crecimiento de MtronPTI, enfatizando la creación de valor para los accionistas y gestionando las finanzas y las relaciones con los inversores. Aporta una extensa experiencia en finanzas, gestión empresarial y desarrollo corporativo, habiendo llevado a cabo más de treinta transacciones de M&A. Las inversiones estratégicas de la empresa en defensa continúan impulsando el crecimiento, especialmente en programas de misiles, plataformas satelitales y programas de UAV.
M-tron Industries (NYSE American: MPTI)가 Cameron Pforr을 최고재무책임자로 임명했습니다. 임기는 2024년 10월 3일부터 시작됩니다. MtronPTI는 방산 RF 솔루션을 위한 전자 부품 제조업체로, 2024 회계연도 가이던스인 4600-4800만 달러의 매출을 달성하거나 초과할 것으로 기대하고 있으며, EBITDA는 19-21%로 예상하고 있습니다. 회사는 2024년 2분기 결과를 발표하였으며, 매출은 전년 대비 16.4% 증가하고 순이익은 36.6% 증가했습니다.
Pforr 씨는 MtronPTI의 성장 전략 실행에 집중하며 주주 가치를 창출하고 재무 및 투자자 관계를 관리할 것입니다. 그는 재무, 사업 관리 및 기업 개발에서 폭넓은 경험을 가지고 있으며, 30건 이상의 M&A 거래를 수행한 바 있습니다. 회사의 방산에 대한 전략적 투자는 미사일 프로그램, 위성 플랫폼 및 UAV 프로그램에서 특히 성장을 이끄는 주요 요인입니다.
M-tron Industries (NYSE American: MPTI) a nommé Cameron Pforr au poste de directeur financier, à compter du 3 octobre 2024. MtronPTI, un fabricant de composants électroniques pour des solutions RF dans le domaine de la défense, s'attend à atteindre ou dépasser son objectif pour l'exercice 2024 de 46,0-48,0 millions de dollars de revenus, avec un EBITDA de 19-21%. L'entreprise a annoncé de solides résultats du deuxième trimestre 2024, avec un chiffre d'affaires en hausse de 16,4% et un bénéfice net en hausse de 36,6% par rapport à l'année précédente.
M. Pforr se concentrera sur l'exécution de la stratégie de croissance de MtronPTI, mettant l'accent sur la création de valeur pour les actionnaires et sur la gestion des finances et des relations avec les investisseurs. Il apporte une vaste expérience en finance, gestion des entreprises et développement d'entreprise, ayant réalisé plus de trente transactions de fusions et acquisitions. Les investissements stratégiques de l'entreprise dans le secteur de la défense continuent de stimuler la croissance, en particulier dans les programmes de missiles, les plateformes satellites et les programmes de drones.
M-tron Industries (NYSE American: MPTI) hat Cameron Pforr zum Chief Financial Officer ernannt, mit Wirkung zum 3. Oktober 2024. MtronPTI, ein Hersteller von elektronischen Komponenten für RF-Lösungen im Bereich Verteidigung, erwartet, die Prognose für das Geschäftsjahr 2024 von 46,0-48,0 Millionen Dollar Umsatz zu erfüllen oder zu übertreffen, mit einem EBITDA von 19-21%. Das Unternehmen berichtete von starken Q2 2024 Ergebnissen, mit einem Umsatzanstieg von 16,4% und einem Anstieg des Nettoergebnisses um 36,6% im Jahresvergleich.
Herr Pforr wird sich auf die Umsetzung der Wachstumsstrategie von MtronPTI konzentrieren, wobei er den Fokus auf die Schaffung von Shareholder-Wert und die Verwaltung von Finanzen sowie Investor Relations legt. Er bringt umfangreiche Erfahrungen in den Bereichen Finanzen, Unternehmensführung und Unternehmensentwicklung mit, nachdem er über dreißig M&A-Transaktionen durchgeführt hat. Die strategischen Investitionen des Unternehmens in den Verteidigungsbereich treiben weiterhin das Wachstum voran, insbesondere in den Bereichen Raketenprogramme, Satellitenplattformen und UAV-Programme.
- Appointment of experienced CFO Cameron Pforr to drive growth strategy
- Expected to meet or exceed FY2024 guidance of $46-$48 million revenue
- Q2 2024 revenue increased 16.4% year-over-year to $11,808,000
- Q2 2024 net income grew 36.6% year-over-year to $1,744,000
- Strong growth in defense-related sales, including missile and satellite programs
- None.
MtronPTI, which produces radio frequency ("RF") solutions key to our nation’s defense, continues to perform well and believes that it will meet or exceed its improved fiscal year 2024 guidance of revenues in the range of
- continued strength in missile programs;
- amassing additional design wins for inclusion in satellite platforms and manned spacecraft; and
- space, radar, electronic warfare, and unmanned aerial vehicle ("UAV") programs continue to represent strong growth opportunities for the Company.
As CFO, Mr. Pforr will be responsible for execution of the Company's organic and inorganic growth strategy with a focus on shareholder value creation and management of the finance and investor relations functions. He brings years of experience in finance, business management, and corporate development. He has worked with many of the leading component companies and has executed over thirty M&A acquisitions and corporate sales. Mr. Pforr has executed the business strategy for a number of technology firms resulting in successful acquisitions and has a wealth of experience working with government entities and federal contracting.
"We are excited for Cameron to join MtronPTI," said Michael Ferrantino, Chief Executive Officer. "His extensive leadership experience will be an invaluable asset to the team and will play an integral role within the finance team to continue to deliver profitable growth."
"I am excited to join MtronPTI at this critical time of its growth. The team has performed extremely well since its public listing and its conversion to cash is improving quite impressively. I look forward to helping accelerate that growth and develop the Company into one of the leading RF solution providers to the defense and aeronautics industries," said Mr. Pforr.
"We are pleased to have Cameron join the MtronPTI team," added Bel Lazar, MtronPTI’s Chairman. "He brings complimentary skills needed to help the Company achieve its next level of performance. MtronPTI helps our nation meet many of its critical security requirements and it is essential that we continue to grow these capabilities in
Mr. Pforr joins MtronPTI from IronNet, Inc. where he held the position of President and CFO, overseeing the firm’s operations and finance functions. Prior to IronNet, Mr. Pforr served as President and CFO of Fidelis Cybersecurity, Inc., a leading network detection and response company serving the enterprise and federal sectors. Previous positions include Vice President - Strategy & Corporate Development at education software provider Jenzabar, Inc. and President and CFO of WhipTail Technologies LLC, a flash storage array pioneer acquired by Cisco. Mr. Pforr was also a senior technology investment banker at Revolution Partners and Deutsche Banc Alex. Brown as well as a strategy consultant at Bain & Co.
Mr. Pforr graduated with a Bachelor of Science in Computer Science from the College of William and Mary, a Master of Business Administration from the Wharton School, and a Master of Arts in International Studies from the University of
About MtronPTI
M-tron Industries, Inc. trades publicly on the NYSE American under the symbol MPTI. Originally founded in 1965, MtronPTI designs, manufactures and markets highly-engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, MtronPTI provides close support to its customers throughout our products’ entire life cycle, including product design, prototyping, production and subsequent product upgrades. MtronPTI has design and manufacturing facilities in
Cautionary Note Concerning Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the uncertain financial impact of COVID-19 and the Company’s financial condition, results of operations, business strategy and financial needs. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words "believe," "expect," "anticipate," "should," "plan," "will," "may," "could," "intend," "estimate," "predict," "potential," "continue" or the negative of these terms and similar expressions, as they relate to MtronPTI, are intended to identify forward-looking statements.
These forward-looking statements are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the Company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by MtronPTI with the Securities and Exchange Commission, including those risks set forth under the heading “Risk Factors” in the most recent financial statements and notes thereto contained within our 2023 10-K, which was filed with the SEC on March 25, 2024. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.
These forward-looking statements speak only as of the date of this press release. MtronPTI undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
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M-tron Industries, Inc.:
Investor Relations:
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Source: M-tron Industries, Inc.
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