M-tron Industries Q1 revenue $11.2M (up 19% YoY); EPS $0.53 vs $0.20

M-tron Industries, Inc.

2024-Q1 EPS reported $0.53 revenue$11,185,000

Revenue $11.2M, highest in 15+ years, up from $9.4M YoY, driven by strong defense shipments.
Gross margin expanded 861 bps to 42.7% from 34.1% on product mix shift to higher-margin items.
Net income $1.49M ($0.53 diluted) vs $0.55M ($0.20); Adjusted EBITDA $2.26M ($0.81) vs $1.03M ($0.38).
Backlog $46.1M, down $1.7M from year-end but up $0.6M YoY; timing of orders cited.
Investor Day scheduled May 8, 2024 at NYSE; webcast available.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

M-tron Industries, Inc. reported the three months ended March 31, 2024 results: revenue $11,185,000, net income $1,486,000, EPS $0.53 per diluted share.

Period: the three months ended March 31, 2024
Revenue: $11,185,000
Net income: $1,486,000
EPS: $0.53 per diluted share
Result: reported results

Exact text from the filing

EXHIBIT 99.1 ex_633185.htm Exhibit 99.1 M-tron Industries, Inc. Reports First Quarter 2024 Results and Reminds Stakeholders of Investor Day • Revenues increased $1,818,000 to $11,185,000 for the three months ended March 31, 2024 from $9,367,000 for the three months ended March 31, 2023 • Gross margin increased 861 basis points to 42.7% for the three months ended

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Source: SEC EDGAR

accession 0001437749-24-015110

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