Investors looking for stocks in the Engineering - R and D Services sector might want to consider either M-tron Industries, Inc. (MPTI) or Howmet (HWM) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong ea ...

After reaching an important support level, M-tron Industries, Inc. (MPTI) could be a good stock pick from a technical perspective. MPTI recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-ter ...

M-tron Industries, Inc. (MPTI) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate re ...

M-tron Industries, Inc. (MPTI) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The ...

Investors with an interest in Engineering - R and D Services stocks have likely encountered both M-tron Industries, Inc. (MPTI) and Alfa Laval AB Unsponsored ADR (ALFVY) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that ta ...

Financial Data and Key Metrics - Total revenues for Q2 2024 were $11.8 million, a 16.4% increase from $10.14 million in Q2 2023 and a 67.2% increase from $7.06 million in Q2 2022 [6] - Gross margins for Q2 2024 were 46.6%, up from 41.6% in Q2 2023 and 37.5% in Q2 2022 [6] - Net income for Q2 2024 was $1.75 million or $0.63 per diluted share, a 36.6% increase from $1.27 million in Q2 2023 and a 258% increase from $486,000 in Q2 2022 [6] - Adjusted EBITDA for Q2 2024 increased 30.7% to $2.52 million compared to $1.93 million in Q2 2023 and $841,000 in Q2 2022 [7] - Backlog as of June 30, 2024, was $45.3 million, down from $47.8 million at the end of 2023 and $51.5 million at the end of Q2 2023 [7] Business Line Data and Key Metrics - The company's growth is driven by strong defense program shipments, which have contributed to eight consecutive quarters of sequential growth [6] - The company is focusing on space and satellite, radar applications, and electronic warfare, with new products like the e-Vibe series OCXOs and Planar Filter Product Line [9] Market Data and Key Metrics - The aerospace and defense market remains strong, with commercial avionics performing well and space business gaining traction in design wins [13] - The company has good visibility for the remaining two quarters of 2024, with expected revenues of $46 million to $48 million and an end-of-year backlog of $49 million to $50 million [8] Company Strategy and Industry Competition - The company is executing a strategy of organic growth, focusing on core markets such as aerospace and defense, commercial avionics, and space [5] - The company is expanding its acquisition bandwidth to include undervalued companies both within and outside its subsector to drive top and bottom-line growth [9] Management Commentary on Operating Environment and Future Outlook - The company raised its 2024 revenue outlook to $46 million to $48 million, up from the previous range of $43 million to $45 million, due to strong defense-related sales and production shipments [8] - Management expects EBITDA margins to remain in the 19% to 21% range for the remainder of 2024 [8] Other Important Information - The company has three manufacturing locations in the US and India and has been a standalone public company since October 2022 [5] - The company is investing in research and development, which has led to higher engineering, selling, and administrative expenses [7] Q&A Session Summary Question: Gross Margin Improvement Potential - Gross margins are dependent on product mix, but there is room for improvement, with new products targeting margins in the 50% range [11] Question: M&A Environment - The M&A environment remains challenging, but the company is looking for synergistic opportunities within the RF chain [12] Question: End Market Demand - Aerospace and defense, commercial avionics, and space are strong markets, with solid tailwinds across all core markets [13] Question: Component Availability - The supply chain has stabilized, and component availability has not been a significant challenge in 2024 [14] Question: Avionics vs. Aerospace and Defense - The company separates commercial avionics from defense-related business, with aerospace and defense encompassing all defense-related activities [16] Question: M&A Integration - The company has capacity in its facilities and would consider integrating acquired companies into existing production sites, particularly in India for labor-intensive manufacturing [17] Question: Sole Source vs. Dual Source - The company has a mix of single and dual-source arrangements, with roughly half of revenues in defense and commercial aviation coming from each [19]

M-tron Industries, Inc. (MPTI) reported impressive results for the second quarter of 2024. Both adjusted earnings and revenues beat the Zacks Consensus Estimate and increased from the year-ago period. Inside the Headline Numbers M-tron Industries reported adjusted earnings per share (EPS) of 63 cents, which surpassed the consensus estimate of 50 cents by 26%. The reported figure increased 34% from 47 cents reported in the year-ago quarter. The upside was backed by continued strong defense program product an ...

M-tron Industries, Inc. (MPTI) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 26%. A quarter ago, it was expected that this company would post earnings of $0.49 per share when it actually produced earnings of $0.53, delivering a surprise of 8.16%. Over the last four quarters, the co ...

Exhibit 99.1 M-tron Industries, Inc. Reports Strong Second Quarter 2024 Results with Further Margin Expansion ORLANDO, Florida (August 14, 2024) — M-tron Industries, Inc. (NYSE American: MPTI) (the "Company" or "MPTI"), a designer and manufacturer of highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits, announced strong financial results for the three and six months ended June 30, 2024 with net income increasing 36.6% to $1,744,000, or $0.63 per d ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 MPTI NYSE American UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _______ ...