Exhibit 99.1
mrcylogoa02.jpg
 
News Release


Mercury Systems Reports Fourth Quarter and Fiscal Year 2017 Results

Fourth Quarter Highlights Include:
Record revenue increases 35% over prior year
Book-to-bill ratio of 1.14 yields record backlog
Revenue, net income, EPS, adjusted EPS and adjusted EBITDA all exceed estimates
 

ANDOVER, Mass. August 1, 2017
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported strong operating results for its fiscal 2017 fourth quarter and year ended June 30, 2017.

Management Comments
“The fourth quarter of fiscal 2017 was marked by several major accomplishments for Mercury,” stated Mark Aslett, Mercury’s President and Chief Executive Officer. “The Company once again delivered strong, profitable growth, achieving record revenue, adjusted EBITDA and backlog. We also acquired Delta Microwave, adding new capabilities, scale and breadth to Mercury's existing RF, microwave and millimeter wave portfolio and further expanding our addressable market. In addition, we retired our term loan and amended our existing revolving credit facility, increasing it to a $400 million, 5-year credit facility to support our ongoing growth through organic investment and future acquisitions. In all, we are extremely pleased with our accomplishments during the year and are optimistic about the future,” said Aslett.

Fourth Quarter Fiscal 2017 Results
Total Company fourth quarter fiscal 2017 revenues were $115.6 million, compared to $85.4 million in the fourth quarter of fiscal 2016. The fourth quarter fiscal 2017 results include approximately $44.4 million of revenue attributable to the Microsemi, CES and Delta Microwave acquired businesses.

50 Minuteman Road, Andover, Massachusetts 01810 U.S.A. • +1 978.256.1300 • www.mrcy.com • twitter: @MRCY

The following information was filed by Mercury Systems Inc (MRCY) on Tuesday, August 1, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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