earnings
confidence high
sentiment positive
materiality 0.85
Comtech reports Q3 sales down 16.4% to $106M; sells most S&S business for $157.5M
COMTECH TELECOMMUNICATIONS CORP /DE/
2026-Q3 EPS reported
-$1.82
revenue$323,797,000
- Net loss attributable to common shareholders of $14.3M; includes $10.8M preferred dividends.
- Adjusted EBITDA of $8.2M; fifth consecutive quarter of positive operating cash flow ($6.1M).
- Agreed to sell most of Satellite & Space Communications business to Gilat for $157.5M; net proceeds ~$143-145M.
- Amended credit facilities to extend covenant relief through July 31, 2027; preferred stock exchange agreed.
- Allerium segment sales $55.7M; S&S segment sales $50.3M; consolidated backlog $696.1M.