MERCURY SYSTEMS INC (MRCY): restructuring charge — Mercury Systems Q2 FY2025 revenue $223.1M, up 13% YoY; adjusted EBITDA $22.0M; workforce reduction of 145 positions

MERCURY SYSTEMS INC

2025-Q2 EPS reported -$0.60 vs consensus $0.23 ▼ miss (-361.4%)

Q2 FY2025 revenue $223.1M (+13% YoY); GAAP net loss $17.6M ($0.30 loss per share), improved from $45.6M loss ($0.79) YoY.
Adjusted EPS $0.07 vs $(0.42) YoY; adjusted EBITDA $22.0M (9.9% margin) vs $(21.3M) a year ago.
Record backlog $1.4B, up 6% YoY; bookings $242.4M, book-to-bill 1.09; record free cash flow $81.9M, up $44.4M YoY.
Workforce reduction of ~145 positions (primarily R&D and COGS) expected to yield ~$15M annualized savings, with ~$5M restructuring charges in Q3 FY2025.

item 2.02 item 2.05 item 9.01

Key facts

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

MERCURY SYSTEMS INC announced a restructuring with charges of approximately $5 million (approximately 145 positions).

Type: restructuring
Charge: approximately $5 million
Headcount: approximately 145 positions

Exact text from the filing

On January 29, 2025, we executed a workforce reduction that will eliminate approximately 145 positions, resulting in expected restructuring charges of approximately $5 million for employee separation costs

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Source: SEC EDGAR

accession 0001049521-25-000007

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