Mercury Systems Inc. is a leading provider of secure processing and storage solutions for aerospace and defense applications. The company specializes in designing and manufacturing advanced technology systems that enable mission-critical operations, particularly in embedded processing for various defense platforms. With a focus on innovative, high-performance solutions, Mercury Systems supports military and defense customers by delivering hardware and software that enhance the capabilities of their systems while also ensuring data security and reliability. The company is committed to advancing the state of technology in the defense sector, contributing to a safer and more secure global environment.
Looking back on defense contractors stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Lockheed Martin (NYSE:LMT) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at defense contractors stocks, starting with Mercury Systems (NASDAQ:MRCY).
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Northrop Grumman (NYSE:NOC) and the best and worst performers in the defense contractors industry.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the defense contractors industry, including Leidos (NYSE:LDOS) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the aerospace and defense industry, including Cadre (NYSE:CDRE) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how General Dynamics (NYSE:GD) and the rest of the defense contractors stocks fared in Q3.
Looking back on aerospace and defense stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Axon (NASDAQ:AXON) and its peers.
Shares of aerospace and defense company Mercury Systems (NASDAQ:MRCY)
jumped 17.4% in the morning session after the company reported impressive third-quarter earnings that significantly blew past analysts' sales expectations. Notably, bookings grew 29% year-over-year and the company recorded a book-to-bill ratio of 1.21. This indicates that the company is receiving more orders than it is fulfilling, which sets the stage for the improved momentum to extend into the next quarter. To provide more visibility into the growth outlook, the company reported a backlog of $1.3 billion, up 16% year on year. Mercury expects to convert $777 million of the backlog into revenue within the next 12 months. These top-line improvements also helped the company beat analysts' EBITDA and EPS estimates. Overall, this was a stronger quarter for the company.
Aerospace and defense company Mercury Systems (NASDAQ:MRCY) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 13% year on year to $204.4 million. Its non-GAAP profit of $0.04 per share was also 150% above analysts’ consensus estimates.
