M-tron Industries Q3 revenue rises on aerospace and defense demand
MPTI•M-tron Industries reported Q3 revenue of $15.74 million, up 11% year over year, and adjusted EBITDA of $3.59 million, up 13%. Diluted earnings per share rose 17% to $0.70.
1. Quarterly results
M-tron Industries said Q3 revenue increased 11% year over year to $15.74 million, compared with a $15.30 million consensus estimate. Adjusted EBITDA rose 13% to $3.59 million, above the $3.02 million estimate, while net income per diluted share increased 17% to $0.70.
2. Growth drivers
The company attributed revenue growth primarily to stronger shipments of aerospace, defense, avionics and space products. Gross margin was 44.50%, with improvement primarily attributed to product mix; net income growth was also supported by higher interest income from increased investments. The company did not provide specific financial guidance for current or future periods.
