Mercury Q4 revenue $250.8M (+15%); GAAP EPS $0.32; launches 1MPACT savings plan

MERCURY SYSTEMS INC

2021-FY EPS reported $1.12 revenue$923,996,000

Q4 revenue $250.8M (+15%), GAAP net income $17.9M ($0.32) vs $27.2M ($0.49) prior year.
Adjusted EPS $0.73 vs $0.72; adjusted EBITDA $59.1M vs $49.6M.
Full-year FY2021 revenue $924.0M (+16%), GAAP EPS $1.12 vs $1.56, adjusted EPS $2.42 vs $2.30.
1MPACT initiative targets $30-50M net savings by FY2025; ~$22M expected in FY2022.
Workforce cut of 90 employees; $9.4M charge in Q1 FY2022. COO Thibaud retiring Aug 26, 2021.

item 2.02 item 2.05 item 5.02 item 9.01

Executive movements

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Departed

Didier M.C. Thibaud

Executive Vice President and Chief Operating Officer

MRCY · MERCURY SYSTEMS INC

Effective: 2021-08-26
Filed: August 3, 2021, 7:59 PM ET

On August 3, 2021, the Company announced that Didier M.C. Thibaud, the Company’s Executive Vice President and Chief Operating Officer (“COO”), will be retiring from the COO role effective August 26, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Didier M.C. Thibaud departed as Executive Vice President and Chief Operating Officer at MERCURY SYSTEMS INC.

Action: retiring
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

On August 3, 2021, the Company announced that Didier M.C. Thibaud, the Company’s Executive Vice President and Chief Operating Officer (“COO”), will be retiring from the COO role effective August 26, 2021.

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MERCURY SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001049521-21-000027

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