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Group 1 - The company offers income-focused investment options for those preferring lower-risk firms with consistent dividend payouts, demonstrating a strong track record of outperforming across various market conditions over the past decade [1] - Value Investor's Edge has achieved an annualized return of nearly 40% with a long-only model portfolio return exceeding 23 times over the last ten years, indicating robust performance in energy, shipping, and offshore market research [1] Group 2 - Aviat Networks, Inc. (AVNW) is highlighted as a subject of previous coverage, suggesting ongoing interest and relevance in the investment community [2] - The analyst has expanded coverage to include the offshore drilling and supply industry, as well as the shipping industry, indicating a broadening of focus beyond technology stocks [3]

Aviat Networks, Inc. (AVNW) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +13.68%. A quarter ago, it was expected that this company would post earnings of $0.32 per share when it actually produced earnings of $0.43, delivering a surprise of +34.38%.Over the last four quarters, the c ...

Aviat Networks (NasdaqGS:AVNW) Q2 2026 Earnings call February 03, 2026 05:00 PM ET Company ParticipantsAndrew Fredriksen - VP of Corporate Development and Investor RelationsAndy Schmidt - CFOPete Smith - President and CEOConference Call ParticipantsScott Searle - Managing Director, Senior Research AnalystTheodore O'Neill - CEO and Senior AnalystTim Savageaux - Managing Director and Senior Research AnalystOperatorGood afternoon. Welcome to Aviat Networks' second quarter fiscal 2026 earnings call. At this tim ...

Aviat Networks (NasdaqGS:AVNW) Q2 2026 Earnings call February 03, 2026 05:00 PM ET Company ParticipantsAndrew Fredriksen - VP of Corporate Development and Investor RelationsAndy Schmidt - CFOPete Smith - President and CEOConference Call ParticipantsScott Searle - Managing Director, Senior Research AnalystTheodore O'Neill - CEO and Senior AnalystTim Savageaux - Managing Director and Senior Research AnalystOperatorGood afternoon. Welcome to Aviat Networks' second quarter fiscal 2026 earnings call. At this tim ...

Aviat Networks (NasdaqGS:AVNW) Q2 2026 Earnings call February 03, 2026 05:00 PM ET Speaker2Good afternoon. Welcome to Aviat Networks' second quarter fiscal 2026 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded. I will now turn the conference over to your host, Mr. Andrew Frederiksen, Vice President of Corporate Finance. Thank you. You may begin.Speaker0Thank you, and welco ...

Forward-Looking Statements The information contained in this Presentation includes forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including Aviat's beliefs and expectations regarding outlook, business conditions, new product solutions, customer positioning, future orders, bookings, new contracts, cost structure, profitability in fiscal 2026, its recent acquisitions and acquisition strategy, process improvements, measu ...

Revenue Performance - Total revenue for the second quarter of fiscal 2026 decreased by $6.7 million, or 5.7%, compared to the same period in fiscal 2025, while total revenue for the first six months increased by $12.2 million, or 5.9%[106] - Revenue in North America decreased by $5.1 million, or 8.7%, in the second quarter, but increased by $5.4 million, or 5.4%, in the first six months of fiscal 2026 compared to fiscal 2025[106] - Revenue in Africa and the Middle East increased by $2.0 million, or 15.4%, in the second quarter and by $4.3 million, or 18.6%, in the first six months of fiscal 2026 compared to fiscal 2025[107] - Revenue in Europe increased by $3.1 million, or 36.9%, in the second quarter and by $5.0 million, or 36.1%, in the first six months of fiscal 2026 compared to fiscal 2025[108] - Revenue in Latin America and Asia Pacific decreased by $6.7 million, or 17.1%, in the second quarter and by $2.5 million, or 3.6%, in the first six months of fiscal 2026 compared to fiscal 2025[109] Gross Margin and Expenses - Gross margin for the second quarter of fiscal 2026 decreased by $4.8 million, or 11.7%, compared to the same quarter in fiscal 2025, while gross margin for the first six months increased by $11.1 million, or 18.3%[111] - Research and development expenses decreased by $3.8 million, or 37.3%, in the second quarter and by $7.1 million, or 34.5%, in the first six months of fiscal 2026 compared to fiscal 2025[112] - Selling and administrative expenses increased by $1.1 million (5.2%) for Q2 fiscal 2026 compared to Q2 fiscal 2025, primarily due to higher administrative costs[113] Interest and Other Financial Metrics - Interest expense, net increased by $0.3 million (20.8%) for Q2 fiscal 2026 and by $0.9 million (34.3%) for the first six months, mainly due to incremental Term Loan borrowings[114] - Other (income) expense, net decreased by $3.0 million (1,120.1%) for Q2 fiscal 2026 and by $2.8 million (280.9%) for the first six months, primarily due to foreign exchange rate movements[115] - Income before income taxes increased by $2.0 million (32.7%) for Q2 fiscal 2026 compared to Q2 fiscal 2025, while the provision for income taxes increased by $0.8 million (47.9%) in the same period[116] Cash Flow and Financing - As of December 26, 2025, the Company had total cash and cash equivalents of $86.5 million, with $33.3 million held in the U.S. and $53.2 million (62%) held outside the U.S.[118] - Net cash provided by operating activities was $12.2 million for the first six months of fiscal 2026, a $18.6 million increase compared to $(6.4) million in the prior year[119] - Net cash used in investing activities was $3.2 million for the first six months of fiscal 2026, a decrease of $20.3 million compared to $23.5 million in the prior year due to the absence of acquisition payments[120] - Net cash provided by financing activities was $17.1 million for the first six months of fiscal 2026, a decrease of $1.5 million compared to $18.6 million in the prior year[121] - The Company had $91.0 million outstanding under its Term Loan as of December 26, 2025, with $20.0 million borrowed and $2.1 million repaid during the first six months of fiscal 2026[124] - A 10% change in interest rates is estimated to have a $0.6 million impact on annual interest expense on the Company's outstanding long-term debt as of December 26, 2025[135] Strategic Initiatives - The company supported 5G and LTE deployments, with a focus on increasing capacity for subscriber growth in both North America and international markets[105] - The company operates an e-commerce platform to provide low-cost services and fast delivery to mobile operators and private network customers[105] - The company aims to mitigate the impact of U.S. tariffs on foreign imports while facing ongoing pricing pressures from competition and macroeconomic conditions[105]

Aviat Networks Announces Fiscal 2026 Second Quarter and Six Month Financial Results Total Q2 Revenues of $111.5 million Q2 Operating Income of $7.3 million; Q2 Non-GAAP Operating Income of $9.6 million Q2 Net Income of $5.7 million; Q2 Adjusted EBITDA of $11.3 million Q2 Diluted Earnings per Share of $0.44; Q2 Non-GAAP Diluted Earnings per Share of $0.54 AUSTIN, Texas, February 3, 2026 -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless trans ...

Aviat Networks Announces Fiscal 2026 Second Quarter and Six Month Financial Results [Accessibility Statement] Skip NavigationTotal Q2 Revenues of $111.5 millionQ2 Operating Income of $7.3 million; Q2 Non- GAAP Operating Income of $9.6 millionQ2 Net Income of $5.7 million; Q2 Adjusted EBITDA of $11.3 millionQ2 Diluted Earnings per Share of $0.44; Q2 Non-GAAP Diluted Earnings per Share of $0.54AUSTIN, Texas, Feb. 3, 2026 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasd ...