M-tron Industries, Inc. Reports Preliminary Fourth Quarter and Full Fiscal Year 2024 Results
M-tron Industries (MPTI) has announced preliminary financial results for Q4 and FY2024 that exceeded prior guidance. Q4 2024 revenues are expected between $12.7M-$13.0M, up 17.9-20.7% year-over-year, with gross margin of 46.7-47.7% compared to 43.6% in Q4 2023.
Full year 2024 revenues are projected at $48.9M-$49.2M, representing an 18.8-19.5% increase from 2023, marking three consecutive years of ~20% growth. The company's gross margin improved to 46.0-46.3% in 2024 from 40.7% in 2023, showing a 1,000 basis point increase over three years.
The company plans to modify its previously announced rights offering, with details to be discussed in an upcoming investor call. The call will also cover new strategic initiatives including organic business growth, shareholder value distribution, M&A plans, and a new Connectivity Partnership for defense specialization.
M-tron Industries (MPTI) ha annunciato i risultati finanziari preliminari per il quarto trimestre e l'anno fiscale 2024 che hanno superato le previsioni precedenti. I ricavi del Q4 2024 sono attesi tra $12.7M e $13.0M, con un aumento del 17.9-20.7% rispetto all'anno precedente, con un margine lordo del 46.7-47.7% rispetto al 43.6% del Q4 2023.
I ricavi dell'anno intero 2024 sono previsti tra $48.9M e $49.2M, rappresentando un incremento del 18.8-19.5% rispetto al 2023, segnando tre anni consecutivi di crescita di circa il 20%. Il margine lordo dell'azienda è migliorato al 46.0-46.3% nel 2024 rispetto al 40.7% nel 2023, mostrando un aumento di 1.000 punti base in tre anni.
L'azienda prevede di modificare l'offerta di diritti precedentemente annunciata, con dettagli che saranno discussi in una prossima chiamata con gli investitori. La chiamata tratterà anche nuove iniziative strategiche, inclusa la crescita organica del business, la distribuzione del valore per gli azionisti, i piani di M&A e una nuova partnership per la connettività specializzata nella difesa.
M-tron Industries (MPTI) ha anunciado resultados financieros preliminares para el cuarto trimestre y el año fiscal 2024 que superaron las expectativas anteriores. Los ingresos del Q4 2024 se esperan entre $12.7M y $13.0M, con un aumento del 17.9-20.7% en comparación con el año anterior, y un margen bruto del 46.7-47.7% en comparación con el 43.6% en el Q4 2023.
Los ingresos del año completo 2024 se proyectan en $48.9M-$49.2M, representando un incremento del 18.8-19.5% respecto a 2023, marcando tres años consecutivos de crecimiento de aproximadamente el 20%. El margen bruto de la empresa mejoró al 46.0-46.3% en 2024 desde el 40.7% en 2023, mostrando un aumento de 1,000 puntos básicos en tres años.
La empresa planea modificar su oferta de derechos previamente anunciada, con detalles que se discutirán en una próxima llamada con inversores. La llamada también abordará nuevas iniciativas estratégicas, incluyendo el crecimiento orgánico del negocio, la distribución de valor a los accionistas, planes de fusiones y adquisiciones, y una nueva asociación de conectividad especializada en defensa.
M-tron Industries (MPTI)는 2024년 4분기 및 전체 회계연도에 대한 예비 재무 결과를 발표했으며, 이는 이전 지침을 초과했습니다. 2024년 4분기 수익은 $12.7M에서 $13.0M 사이로 예상되며, 전년 대비 17.9-20.7% 증가할 것으로 보이며, 총 마진은 2023년 4분기의 43.6%에 비해 46.7-47.7%입니다.
2024년 전체 수익은 $48.9M-$49.2M로 예상되며, 이는 2023년 대비 18.8-19.5% 증가를 나타내며, 약 20% 성장의 3년 연속을 기록합니다. 회사의 총 마진은 2023년 40.7%에서 2024년 46.0-46.3%로 개선되어 3년 동안 1,000 베이시스 포인트 증가를 보여줍니다.
회사는 이전에 발표된 권리 공모를 수정할 계획이며, 세부 사항은 다가오는 투자자 전화에서 논의될 것입니다. 이 전화에서는 유기적 사업 성장, 주주 가치 분배, M&A 계획, 방위 전문화를 위한 새로운 연결 파트너십 등 새로운 전략적 이니셔티브도 다룰 것입니다.
M-tron Industries (MPTI) a annoncé des résultats financiers préliminaires pour le quatrième trimestre et l'exercice 2024 qui ont dépassé les prévisions précédentes. Les revenus du Q4 2024 sont attendus entre 12,7 millions et 13,0 millions de dollars, soit une augmentation de 17,9 à 20,7 % par rapport à l'année précédente, avec une marge brute de 46,7 à 47,7 % contre 43,6 % au Q4 2023.
Les revenus de l'année complète 2024 sont projetés entre 48,9 millions et 49,2 millions de dollars, représentant une augmentation de 18,8 à 19,5 % par rapport à 2023, marquant trois années consécutives de croissance d'environ 20 %. La marge brute de l'entreprise s'est améliorée à 46,0-46,3 % en 2024 contre 40,7 % en 2023, montrant une augmentation de 1 000 points de base en trois ans.
L'entreprise prévoit de modifier son offre de droits précédemment annoncée, avec des détails qui seront discutés lors d'un prochain appel avec les investisseurs. L'appel couvrira également de nouvelles initiatives stratégiques, y compris la croissance organique des affaires, la distribution de la valeur aux actionnaires, des plans de fusions et acquisitions, et un nouveau partenariat en matière de connectivité spécialisé dans la défense.
M-tron Industries (MPTI) hat vorläufige Finanzzahlen für das vierte Quartal und das Geschäftsjahr 2024 bekannt gegeben, die die vorherigen Prognosen übertreffen. Die Einnahmen im Q4 2024 werden zwischen 12,7 Millionen und 13,0 Millionen US-Dollar erwartet, was einem Anstieg von 17,9-20,7% im Vergleich zum Vorjahr entspricht, mit einer Bruttomarge von 46,7-47,7% im Vergleich zu 43,6% im Q4 2023.
Die Einnahmen für das gesamte Jahr 2024 werden auf 48,9 Millionen bis 49,2 Millionen US-Dollar geschätzt, was einem Anstieg von 18,8-19,5% im Vergleich zu 2023 entspricht und drei aufeinanderfolgende Jahre mit einem Wachstum von etwa 20% markiert. Die Bruttomarge des Unternehmens verbesserte sich 2024 auf 46,0-46,3% von 40,7% im Jahr 2023, was einen Anstieg um 1.000 Basispunkte über drei Jahre zeigt.
Das Unternehmen plant, das zuvor angekündigte Bezugsangebot zu ändern, wobei die Einzelheiten in einem bevorstehenden Investorengespräch erörtert werden. Das Gespräch wird auch neue strategische Initiativen behandeln, einschließlich organischem Geschäftswachstum, Verteilung des Aktionärswerts, M&A-Plänen und einer neuen Partnerschaft für Konnektivität mit Spezialisierung auf Verteidigung.
- Revenue growth of 18.8-19.5% in FY2024
- Q4 2024 revenue up 17.9-20.7% YoY
- Gross margin improved to 46.0-46.3% from 40.7% YoY
- Three consecutive years of ~20% growth
- 1,000 basis point margin improvement over three years
- Exceeded previous guidance twice in 2024
- None.
Insights
Mtron Industries has delivered exceptional preliminary results for Q4 and full-year 2024, showcasing remarkable growth momentum in the highly specialized frequency control components market. Q4 revenue of
The company's margin expansion is particularly impressive, with Q4 gross margins climbing to
The modified rights offering indicates management's responsiveness to shareholder feedback, potentially improving terms or timing to maximize shareholder value. The upcoming strategic initiatives announcement carries significant weight, particularly the defense-focused "Made in USA" partnership, which aligns with increasing national security concerns and reshoring trends for critical components. The planned leadership transition and M&A strategy will be important watchpoints, as successful execution could further accelerate Mtron's growth trajectory in the fragmented frequency control market.
Preliminary Financial Results
Fourth Quarter 2024
Preliminary Revenues are expected to be in the range of
Preliminary Gross margin is expected to be in the range of
Fiscal Year 2024
Preliminary Revenues are expected to be in the range of
Preliminary Gross margin is expected to be in the range of
"These results reflect the strength of our strategy, the dedication of our team, and the trust of our customers," said Cameron Pforr, Mtron Interim Chief Executive Officer and Chief Financial Officer. "During fiscal year 2024, we raised our guidance twice and we are proud of our strong performance, which exceeded the last round of guidance. We remain focused on driving sustainable growth and delivering value for our shareholders."
Modification to Upcoming Rights Offering
On February 20, 2025, the Company announced its proposal to issue subscription rights as a means of distributing value to shareholders of record. After stakeholder engagement post announcement, we will review proposed modifications of this offering during tomorrow’s call which will include extending the record and expiration dates and certain terms.
Investor Call
The Company will host an investor call at 10:00 a.m. Eastern Time on Thursday February 27, 2025, to review the Company's preliminary results, preview the strategic landscape, answer questions, and provide insights on the Company's direction forward.
In addition, the Company will present several important new value building strategic initiatives including:
- Strength in organic business lines driven by continued investment in new products;
- Distribution of value to shareholders;
- Plans for mergers and acquisitions;
- Launch of a Connectivity Partnership to further Mtron's "Made in USA" defense specialization; and
- Leadership transition.
To participate, please use the following information:
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Toll Free Dial-in
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(800) 715-9871 |
Toll Dial-in
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+1 (646) 307-1963 |
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Conference ID: |
4893975 |
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Webcast Link: |
An archive will be available after the call on the Investor Relations section of Mtron’s website at ir.mtronpti.com.
About Mtron
M-tron Industries, Inc. (NYSE American: MPTI) was originally founded in 1965 and designs, manufactures and markets highly engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products’ entire life cycle, including product design, prototyping, production and subsequent product upgrades. Mtron has design and manufacturing facilities in
Preliminary Financial Data
The preliminary estimated financial results for the three months and year ended December 31, 2024 included in this release, which are the responsibility of management, were prepared by the Company's management in connection with the preparation of the Company's financial statements and are based upon preliminary operating results, preliminary corporate level expenses, and a number of subjective judgments and assumptions. Additional items that may require adjustments to the Company's preliminary estimated financial results may be identified and could result in material changes to the Company's preliminary estimated financial results. The Company has provided ranges, rather than specific amounts, for the preliminary estimated financial results described above, primarily because the Company's closing procedures for the three months ended December 31, 2024 are not yet complete and, as a result, the Company's final financial results upon completion of the closing procedures may vary from the preliminary estimates set forth above. The Company's independent registered public accounting firm, PKF O'Connor Davies, LLP, has not audited, reviewed, compiled or performed any procedures with respect to the preliminary estimated financial results, nor have they expressed any opinion or any other form of assurance on such information or its achievability, and assume no responsibility for, and disclaim any association with, such preliminary financial results. Further, these preliminary estimated financial results are not a comprehensive statement or estimate of the Company's financial condition or operating results for the three months and year ended December 31, 2024. These preliminary estimated financial results should not be viewed as a substitute for complete quarterly financial statements prepared in accordance with accounting principles generally accepted 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 Mtron, 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 Mtron with the Securities and Exchange Commission, including those risks set forth under the heading "Risk Factors" in the Company’s Annual Report on Form 10-K as 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. Mtron 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250226041325/en/
M-tron Industries, Inc. Investor Relations
Cameron Pforr
Interim Chief Executive Officer and Chief Financial Officer
ir@mtronpti.com
Source: M-tron Industries, Inc.
FAQ
What are MPTI's Q4 2024 revenue expectations?
How much has MPTI's gross margin improved in 2024?
What is MPTI's projected revenue growth for full year 2024?
What strategic initiatives is MPTI planning to discuss in their upcoming call?
What changes is MPTI making to its rights offering?
