NYSE$MPTI
M-Tron Industries Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported strong financial results with net income increasing due to continued strong defense program product and solution shipments.
M-tron Industries reported a strong second quarter with a 16.4% increase in revenues and a 36.6% increase in net income compared to Q2 2023. The company's gross margin also improved, driven by higher revenues, improved production efficiencies, and a shift to higher margin products. Management has raised the outlook for fiscal year 2024, increasing revenues to a range of $46.0 million to $48.0 million.
- Revenues increased 16.4% to $11,808,000 in Q2 2024 compared to $10,140,000 in Q2 2023, driven by strong defense program shipments.
- Net income increased 36.6% to $1,744,000 in Q2 2024 compared to $1,277,000 in Q2 2023.
- Gross margin improved to 46.6% in Q2 2024 compared to 41.6% in Q2 2023, reflecting improved production efficiencies and product mix.
- Adjusted EBITDA increased 30.7% to $2,523,000 in Q2 2024 compared to $1,931,000 in Q2 2023.
Headline financials
Revenue & EPS history
M-Tron Industries · Revenue · Quarterly
$11.8M
Forward guidance
MPTI management has raised the outlook for fiscal year 2024, increasing revenues to a range of $46.0 million to $48.0 million. MPTI has good visibility for the remaining two quarters of 2024 and expects EBITDA to continue to be in the 19% to 21% range.
Tailwinds
- Continued momentum in defense-related sales.
- Acceleration in production and shipments during the first half of 2024.
- Good visibility for the remaining two quarters of 2024.
- EBITDA expected to continue to be in the 19% to 21% range.
- Strong order backlog trend since listing is positive and anticipated to continue to grow.
Headwinds
- Actual results may differ materially depending on a number of factors.
- Uncertain financial impact of COVID-19.
- Risks and uncertainties described in the filings made by MPTI with the Securities and Exchange Commission.
- Inaccurate assumptions.
- Variability of order intake due to the size and timing of large program-related orders.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2024
+3.1%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+12.5%
Avg return
30 days after
62%
13 / 21 earnings
Positive
+27.9%
Q2 2023
Best reaction
-25.9%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -1.0% | +0.2% | — | |
| Q1 2026 | -0.2% | +4.6% | +32.8% | |
| Q3 2025 | -6.5% | -11.8% | +0.8% | |
| Q2 2025 | -10.6% | -8.0% | +1.0% | |
| Q1 2025 | -15.8% | -18.8% | -24.0% | |
| Q4 2024 | +5.3% | +9.7% | +38.3% | |
| Q3 2024 | +10.0% | +0.0% | +11.1% | |
| Q2 2024 | +9.8% | +11.3% | +12.9% | |
| Q1 2024 | +5.8% | +4.1% | +27.5% | |
| Q4 2023 | -25.9% | -25.1% | -31.4% | |
| Q3 2023 | +9.8% | +29.0% | +4.9% | |
| Q2 2022 | +27.9% | +26.0% | +79.5% | |
| Q2 2023 | +27.9% | +26.0% | +79.5% | |
| Q1 2022 | -1.0% | -1.3% | -1.3% | |
| Q1 2023 | -1.0% | -1.3% | -1.3% | |
| Q4 2022 | +7.5% | +3.0% | +17.4% | |
| Q2 2021 | +7.5% | +3.0% | +17.4% | |
| Q1 2021 | +7.5% | +3.0% | +17.4% | |
| Q4 2021 | +2.5% | -1.5% | -10.7% | |
| Q3 2021 | +2.5% | -1.5% | -10.7% | |
| Q3 2022 | +2.5% | -1.5% | -10.7% |
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