Aviat files pro forma financials for NEC backhaul deal; combined rev $379M (9mo)

AVIAT NETWORKS, INC.

Pro forma revenue of $379.2M for nine months ended Mar 29, 2024, vs Aviat historical $294.2M.
Pro forma net income $13.2M ($1.03 diluted EPS) for the nine-month period.
Acquisition consideration: $42.1M cash + $23.4M stock; closed Nov 30, 2023.
Inventory fair value step-up of $4.86M adds $1.0M to cost of revenues in the nine months.
Financing adjustments reflect interest expense on $48.1M term loan at SOFR+2.50%.

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