Mercury Systems (MRCY) Tops Q4 EPS by 15c

Mercury Systems (NASDAQ: MRCY) reported Q4 EPS of $0.72, $0.15 better than the analyst estimate of $0.57. Revenue for the quarter came in at $217.4 million versus the consensus estimate of $212.65 million.

“Our strong performance in the fourth quarter of fiscal year 2020 culminates a record fiscal year for the business,” said Mark Aslett, Mercury’s President and Chief Executive Officer. “We achieved our highest ever bookings of $279 million, yielding a book-to-bill ratio of 1.28 as well as record revenues, net income, adjusted EBITDA, EPS and adjusted EPS. Our people and our business have remained resilient in light of the COVID-19 pandemic. As we enter fiscal year 2021, we will continue to focus on the mission-critical work we do to support our customers and the ongoing security of our nation while also protecting the safety and livelihoods of our employees. With record backlog, design wins and a strong balance sheet, we are well-positioned for continued growth and profitability,” said Aslett.

GUIDANCE:

Mercury Systems sees Q1 2021 EPS of $0.43-$0.47, versus the consensus of $0.51. Mercury Systems sees Q1 2021 revenue of $190-205 million, versus the consensus of $200.35 million.

Mercury Systems sees FY2021 EPS of $2.15-$2.26, versus the consensus of $2.15. Mercury Systems sees FY2021 revenue of $860-885 million, versus the consensus of $790.8 million.

For earnings history and earnings-related data on Mercury Systems (MRCY) click here.

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