Mercury Systems Reports First Quarter Fiscal 2020 Results
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Mercury Systems (MRCY) Tops Q1 EPS by 3c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus, Affirms FY20 EPS Outlook
October 29, 2019 5:01 PM EDTMercury Systems (NASDAQ: MRCY) reported Q1 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $177.3 million versus the consensus estimate of $168.02 million.
Management CommentsThe strong results for the first quarter of fiscal year 2020 highlight the continued momentum in the business, said Mark Aslett, Mercurys President and Chief Executive Officer. We exceeded guidance for revenues, net income, adjusted EBITDA, EPS and adjusted EPS. Bookings exceeded $200 million for the second consecutive quarter generating a 1.22 book-to-bill ratio and record backlog. Organic revenue grew 17% and we continue to leverage our... More
