Comtech Q4 net sales $148.8M (+17.2% YoY), first GAAP operating profit since FY21

COMTECH TELECOMMUNICATIONS CORP /DE/

Q4 net sales $148.8M (+17.2% YoY); GAAP operating income $1.1M vs loss $2.1M a year ago.
Adjusted EBITDA $18.9M (12.7% margin) up from $12.7M (10.0%) YoY; bookings $142.6M.
Backlog $662.2M; post-quarter wins: $544M GFSR (protested), $48.6M EDIM, $30M troposcatter.
Divesting solid-state power amplifier line; proceeds to cut debt; refinancing Credit Facility.
Q1 FY2024 guidance: net sales up 1-4% sequentially, Adj. EBITDA margin 11-13%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COMTECH TELECOMMUNICATIONS CORP /DE/ reported financial results for fourth quarter and full year ended July 31, 2023.

Period: fourth quarter and full year ended July 31, 2023
Result: reported results

Exact text from the filing

On October 12, 2023, Comtech Telecommunications Corp. (the “Company”) issued a shareholder letter announcing its results of operations for its fourth quarter and full year ended July 31, 2023.

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Source: SEC EDGAR

accession 0000023197-23-000050

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