M-tron Industries (MPTI) Stock

M-tron Industries, Inc. delivered a strong Q3 performance, beating revenue and EPS estimates, with significant improvements in gross margins and profitability. The company raised its full-year 2024 revenue outlook and expects to achieve an EBITDA margin in the 19%-21% range. Despite a 21% y/y decrease in backlog, management attributes it to timing issues and expects the backlog to grow with new contracts.

Here is how M-tron Industries, Inc. (MPTI) and MasTec (MTZ) have performed compared to their sector so far this year.

MPTI's third-quarter results reflect strong defense program product and solution shipments.

M-tron Industries, Inc. (MPTI) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.57 per share a year ago.

ORLANDO, Fla.--(BUSINESS WIRE)--M-tron Industries, Inc. (NYSE American: MPTI) ("MtronPTI" or the "Company"), a designer and manufacturer of highly-engineered electronic components and solutions used to control the frequency or timing of signals in electronic circuits, announced strong financial results for the three and nine months ended September 30, 2024. "We are pleased to report continued strength in MtronPTI's sales and strong financial performance for Q3 2024," said Michael J. Ferrantino,.

MPTI's focus on defense-related products and strategic expansion into areas like space and satellite technologies are likely to have contributed to third-quarter performance amid higher expenses.

In the most recent trading session, M-tron Industries, Inc. (MPTI) closed at $52.20, indicating a +0.25% shift from the previous trading day.

M-tron Industries, Inc. (MPTI) reachead $50.82 at the closing of the latest trading day, reflecting a +0.65% change compared to its last close.

In the latest trading session, M-tron Industries, Inc. (MPTI) closed at $49, marking a -0.18% move from the previous day.