Mercury Systems Inc. is a leading provider of secure processing and storage solutions for aerospace and defense applications
The company specializes in designing and manufacturing advanced technology systems that enable mission-critical operations, particularly in embedded processing for various defense platforms. With a focus on innovative, high-performance solutions, Mercury Systems supports military and defense customers by delivering hardware and software that enhance the capabilities of their systems while also ensuring data security and reliability. The company is committed to advancing the state of technology in the defense sector, contributing to a safer and more secure global environment.
Shares of aerospace and defense company Mercury Systems (NASDAQMRCY)
jumped 21.6% in the pre-market session after the company reported a strong quarter, with revenue, EBITDA, and EPS all surpassing expectations by a wide margin. Sales grew 13% year-on-year, supported by increased bookings and a book-to-bill ratio of 1.09, signaling sustained demand. Revenue guidance for the next quarter was also ahead of expectations.
Aerospace and defense company Mercury Systems (NASDAQMRCY) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 13% year on year to $223.1 million. On top of that, next quarter’s revenue guidance ($223.1 million at the midpoint) was surprisingly good and 5.3% above what analysts were expecting. Its non-GAAP profit of $0.07 per share was significantly above analysts’ consensus estimates.
The regular session of the US market on Tuesday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
