Mercury Systems, Inc. Stock News

The defense sector communications specialist posted a boffo fiscal fourth quarter. It posted a surprise adjusted net income figure for the period.

Mercury Systems stock surged 17% to $40 after fourth quarter results. MRCY focused on risk retirement in FY24, successfully addressing challenged programs. Expectations for enhanced margins and cash flow conversion in FY2025 and beyond, with potential for elevated returns due to risk profile.

Aerospace and defense specialist Mercury Systems (NASDAQ: MRCY ) — which offers advanced components, circuits, semiconductors and modules, among many other product categories — saw its shares skyrocket over 20% on Wednesday. Encouraging results tied to its fiscal fourth-quarter earnings disclosure are catapulting sentiment.

Mercury reversed a series of quarterly disappointments, easily topping expectations. The company has made progress weeding out difficult product lines and is well positioned for further gains.

Mercury Systems, Inc. (NASDAQ:MRCY ) Q4 2024 Earnings Call Transcript August 13, 2024 5:00 PM ET Company Participants Dave Farnsworth - EVP and CFO Bill Ballhaus - Chairman and CEO Conference Call Participants Pete Skibitski - Alembic Global Jonathan Ho - William Blair Ken Herbert - RBC Capital Markets Michael Ciarmoli - Truist Securities Sheila Kahyaoglu - Jefferies Jan-Frans Engelbrecht - Bai...

ANDOVER, Mass., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the fourth quarter and fiscal year 2024, ended June 28, 2024.

ANDOVER, Mass., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced the appointment of Brad Whittington as its Senior Vice President of Engineering, effective Aug. 12, 2024.

ANDOVER, Mass., July 23, 2024 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, will release its fourth quarter and full fiscal year 2024 financial results after the market close on Tuesday, August 13, 2024.