M-tron Industries Q3: Great Performance, But Next Year Comes With Uncertainties
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M-tron Industries, Inc. reported a strong Q3 performance, surpassing revenue and EPS estimates, and improving gross margins and profitability. The company raised its full-year 2024 revenue outlook and anticipates an EBITDA margin of 19%-21%. Despite a 21% year-over-year decrease in backlog, management expects growth with new contracts.
November 25, 2024 | 8:15 pm
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M-tron Industries, Inc. exceeded Q3 revenue and EPS estimates, improved margins, and raised its 2024 revenue outlook. Despite a backlog decrease, new contracts are expected to drive growth.
M-tron Industries' strong Q3 performance and raised revenue outlook for 2024 are positive indicators for the stock. The decrease in backlog is attributed to timing issues, and management expects growth with new contracts, which should alleviate concerns.
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