NASDAQ$MRCY
Mercury Systems Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Mercury Systems delivered solid results driven by record bookings and strategic initiatives.
Mercury Systems reported solid third-quarter results with record bookings of $295 million, a book-to-bill ratio of 1.17, and a backlog of $996 million. The company's revenue was $253.1 million, with GAAP net income at $4.1 million, or $0.07 per share, and adjusted EPS at $0.57 per share. They refinanced their revolving credit facility to $1.1 billion and are executing their 1MPACT value creation initiative.
- Record bookings of $295 million resulting in a book-to-bill ratio of 1.17.
- Backlog reached a record $996 million, positioning the company for organic growth.
- Revolving credit facility refinanced and increased to $1.1 billion.
- 1MPACT value creation initiative is being executed as planned.
Headline financials
Revenue & EPS history
Mercury · Revenue · Quarterly
$253M
Forward guidance
Mercury Systems provided business outlook for the fourth quarter of fiscal year 2022, revenues are forecasted to be in the range of $301.5 million to $321.5 million. GAAP net income for the fourth quarter is expected to be approximately $30.1 million to $35.5 million, or $0.53 to $0.63 per share and adjusted EPS is expected to be in the range of $0.96 to $1.06 per share.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+0.8%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+3.8%
Avg return
30 days after
52%
33 / 64 earnings
Positive
+27.0%
Q1 2025
Best reaction
-23.7%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +16.8% | +10.8% | +34.0% | |
| Q2 2026 | -18.9% | -14.0% | -13.0% | |
| Q1 2026 | +3.4% | -1.4% | -6.8% | |
| Q3 2025 | -4.9% | -7.8% | +5.4% | |
| Q2 2025 | +18.5% | +11.6% | +4.2% | |
| Q1 2025 | +27.0% | +28.4% | +15.4% | |
| Q4 2024 | +17.9% | +18.1% | +8.5% | |
| Q3 2024 | -1.4% | -4.1% | +3.4% | |
| Q2 2024 | -11.5% | -3.3% | +1.4% | |
| Q1 2024 | -13.5% | -12.9% | -2.8% | |
| Q4 2023 | +3.2% | +7.1% | +8.4% | |
| Q3 2023 | -19.7% | -13.9% | -13.8% | |
| Q2 2023 | +14.8% | +12.9% | +9.1% | |
| Q1 2023 | +3.4% | -0.7% | +6.4% | |
| Q4 2022 | -16.1% | -14.1% | -21.0% | |
| Q3 2022 | +4.9% | +1.0% | +11.4% | |
| Q2 2022 | -8.5% | -8.5% | +21.1% | |
| Q1 2022 | +0.3% | -1.1% | -8.6% | |
| Q4 2021 | -14.3% | -14.3% | -23.8% | |
| Q3 2021 | -23.7% | -15.1% | -13.3% | |
| Q2 2021 | +0.2% | +6.1% | -10.0% | |
| Q1 2021 | -1.4% | -3.0% | +0.1% | |
| Q4 2020 | +0.0% | +0.5% | -5.3% | |
| Q3 2020 | +9.3% | +2.0% | +4.5% | |
| Q2 2020 | +2.6% | +1.6% | +5.2% | |
| Q1 2020 | -1.8% | +3.2% | +1.8% | |
| Q4 2019 | +17.5% | +15.1% | +23.1% | |
| Q3 2019 | +2.5% | +1.7% | -3.6% | |
| Q2 2019 | +18.8% | +18.5% | +29.6% | |
| Q1 2019 | +7.6% | +10.2% | +16.9% | |
| Q4 2018 | +22.6% | +19.9% | +35.3% | |
| Q3 2018 | -23.1% | -27.3% | -20.0% | |
| Q2 2018 | -4.4% | -5.4% | -5.9% | |
| Q1 2018 | -3.4% | -3.4% | +1.0% | |
| Q4 2017 | -0.9% | +0.7% | +9.9% | |
| Q3 2017 | -5.8% | -5.9% | +1.6% | |
| Q2 2017 | +9.4% | +9.9% | +21.9% | |
| Q1 2017 | +13.6% | +14.5% | +29.8% | |
| Q4 2016 | -1.6% | -9.5% | -11.4% | |
| Q3 2016 | +4.8% | — | — | |
| Q2 2016 | +12.9% | — | — | |
| Q1 2016 | +5.7% | — | — | |
| Q4 2015 | +9.7% | — | — | |
| Q3 2015 | -4.1% | — | — | |
| Q2 2015 | +4.7% | — | — | |
| Q1 2015 | +13.6% | — | — | |
| Q4 2014 | -0.6% | — | — | |
| Q3 2014 | +5.3% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | +1.3% | — | — | |
| Q3 2013 | +5.8% | — | — | |
| Q2 2013 | -6.7% | — | — | |
| Q1 2013 | -2.8% | — | — | |
| Q4 2010 | -2.0% | — | — | |
| Q4 2012 | -15.8% | — | — | |
| Q3 2011 | -6.3% | — | — | |
| Q3 2012 | +4.5% | — | — | |
| Q2 2011 | -1.3% | — | — | |
| Q2 2012 | -10.2% | — | — | |
| Q4 2011 | -2.6% | — | — | |
| Q1 2011 | -2.6% | — | — | |
| Q1 2012 | +4.1% | — | — | |
| Q3 2010 | -8.5% | — | — |
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