secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001049521-21-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 2.05, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952121000027/0001049521-21-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952121000027/mrcy-20210803.htm
  HTML page:      https://secwatch.observer/filing/0001049521-21-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer