M-tron Industries Q4 Earnings Meet Estimates, Revenues Miss

M-tron Industries, Inc. MPTI reported fourth quarter of 2024 results, wherein adjusted earnings met the Zacks Consensus Estimate and revenues missed the same. Nonetheless, both metrics increased on a year-over-year basis.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Following the results, the company’s shares gained 2% in yesterday’s after-hours trading session.The company reported record revenues for the third consecutive year, driven by more than 40% growth in the Aerospace and Defense sector. The Avionics sector also grew slightly, focusing on large commercial aircraft and some business jets. Although major airframe providers faced challenges, the sector is expected to improve as the backlog of orders is processed.Inside MPTI’s Q4 NumbersM-tron Industries reported adjusted earnings of 73 cents per share. The figure increased significantly from 3 cents per share reported in the year-ago quarter.Quarterly revenues of $12.81 million missed the consensus mark of $12.9 million by 1%. However, the reported figure increased 18.9% from the year-ago quarter’s $10.77 million. This upside was backed by continued strong defense program product and solution shipments.M-tron Industries, Inc. Price, Consensus and EPS Surprise M-tron Industries, Inc. price-consensus-eps-surprise-chart | M-tron Industries, Inc. QuoteAs of Dec. 31, 2024, the total backlog was $47.2 million compared with $47.8 million at 2023-end. The slight decrease reflected MPTI's focus on securing long-term contracts, which impacted backlog due to order timing and size.MPTI’s Operating HighlightsGross margin was 47.2%, up 360 basis points (bps) from 43.6% a year ago. The increase was primarily due to higher revenues, improved manufacturing efficiencies and an improved product mix of higher-margin.Adjusted EBITDA was $3.1 million, which increased 27.5% from $2.4 million reported in the year-ago quarter. Adjusted EBITDA margin was up 160 bps year over year to 23.9%.MPTI’s 2024 HighlightsTotal revenues were up 19.1% to $49 million. Adjusted earnings were $2.65 per share, up from $1.28 in 2023. Adjusted EBITDA was $11.1 million, up 44.8% from $7.7 million in 2023.Financials of MPTIAs of Dec. 31, 2024, M-tron Industries had cash and cash equivalents of $12.6 million compared with $3.9 million at the end of 2023. Inventories were $9.5 million compared with $8.9 million at 2023-end.MPTI’s Zacks RankM-tron Industries currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Some other top-ranked stocks from the Construction sector are Quanex Building Products NX, Gibraltar Industries, Inc. ROCK and  Janus International Group JBI.Quanex currently sports a Zacks Rank of 1. It delivered a trailing four-quarter earnings surprise of 115.2%, on average. The stock has fallen 19.5% year to date (“YTD”).The consensus estimate for Quanex’s 2025 sales and earnings per share (EPS) indicates an increase of 44% and 16.4%, respectively, from a year ago.Gibraltar currently carries a Zacks Rank #2 (Buy). It delivered a trailing four-quarter earnings surprise of 1.8%, on average. The stock has jumped 4.7% YTD.The Zacks Consensus Estimate for Gibraltar’s 2025 sales and EPS implies an increase of 9.8% and 15.5%, respectively, from a year ago.Janus International currently carries a Zacks Rank #2. It surpassed earnings estimates in two of the trailing four quarters and missed on the other occasions, with the average surprise being 85.1%. The stock has risen 1.3% YTD.The Zacks Consensus Estimate for Janus' 2025 sales and EPS indicates a decrease of 9.3% and 15.8%, respectively, from a year ago.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quanex Building Products Corporation (NX): Free Stock Analysis Report Gibraltar Industries, Inc. (ROCK): Free Stock Analysis Report Janus International Group, Inc. (JBI): Free Stock Analysis Report M-tron Industries, Inc. (MPTI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks