Mercury Reports Second Quarter Fiscal 2019 Results, Page 1
Mercury Systems Reports Second Quarter Fiscal 2019 Results;
Announces Acquisition of Avionics and Mission Computing Business
Second Quarter Highlights Include:
Record revenue increases 35% over prior year with 11% organic increase
Revenue, net income, adjusted EBITDA, EPS and adjusted EPS exceed guidance
Strong operating cash flow of $25 million and free cash flow of $18 million
ANDOVER, Mass. January 29, 2019 Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the second quarter of fiscal 2019, ended December 31, 2018.
“The business performed extremely well in the second quarter of fiscal year 2019,” said Mark Aslett, Mercury’s President and Chief Executive Officer. “We delivered record revenue and continued strong bookings growth which led to a record ending total backlog. We exceeded our guidance for revenue and profitability in addition to delivering strong cash flow. We continued to execute well on our strategy growing organic revenues by 11% year over year as well as completing our fifth strategic acquisition in the C4I market over the past two fiscal years. Given our very strong performance in the first half of fiscal 2019, our record backlog and current business outlook we are raising our full year guidance,” concluded Aslett.
Second Quarter Fiscal 2019 Results
Total Company second quarter fiscal 2019 revenues were $159.1 million, compared to $117.9 million in the second quarter of fiscal 2018. The second quarter fiscal 2019 results included an aggregate of approximately $28.8 million of revenue attributable to the Themis Computer and Germane Systems acquired businesses.
The following information was filed by Mercury Systems Inc (MRCY) on Tuesday, January 29, 2019 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Mercury Systems Inc's financial trajectory
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Form Type: 10-Q Quarterly Report Accession Number: 0001049521-19-000006 Submitted to the SEC: Thu Feb 07 2019 7:26:54 AM EST Accepted by the SEC: Thu Feb 07 2019 Period: Monday, December 31, 2018 Industry: Electronic Components And Accessories