Aviat files NEC transport business financials for six months ended Sep 30, 2023 and pro forma update

AVIAT NETWORKS, INC.

NEC wireless transport business had net revenues ¥11,660M (~$80M) and net revenues less direct expenses ¥668M (~$4.6M) for six months ended Sep 30, 2023.
Pro forma combined revenue for Aviat + NEC business for six months ended Dec 29, 2023 is $267.6M; pro forma net income $9.7M ($0.78 basic EPS).
Pro forma combined revenue for twelve months ended Jun 30, 2023 is $535.2M; pro forma net income $5.9M ($0.49 basic EPS).
Acquisition consideration was $42.1M cash plus $23.4M in Aviat common stock; financing via term loan with SOFR + 2.50% margin.

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