TechPrecision Q1 revenue rises on favorable project mix - TPCS News | RalliesTechPrecision Q1 revenue rises on favorable project mix
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TPCS• Outlook
- TechPrecision maintains FY 2027 revenue growth guidance of +10% to $35 mln-$37 mln
- Company expects FY 2027 EBITDA growth of +80% to $3 mln-$4 mln
- Company anticipates gross margin improvement as it delivers backlog over next one to three years
Overview
- US custom manufacturer reported fiscal Q1 revenue up 23% yr/yr on favorable project mix
- Gross profit rose 36% yr/yr, with net loss narrowing to $0.2 mln
- Company reaffirmed FY 2027 guidance for double-digit revenue and strong EBITDA growth
Key details
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| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q1 Sales | | $9.1 mln | |
| Q1 Gross Profit | | $1.4 mln | |
Result drivers
- Project mix - Co attributed revenue and gross profit increases to favorable customer and project mix at both Ranor and Stadco segments
- Backlog - Co said customer confidence remains high with funded backlog at $52.7 mln and $22 mln in unfunded purchase orders
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