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 ...

The the stock of company has fallen by 6.78% in the past month, lagging the Construction sector's gain of 1.99% and the S&P 500's gain of 4.28%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.03 per share and revenue of $44.8 million. These totals would mark changes of +58.59% and +8.82%, respectively, from last year. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utili ...

The the stock of company has fallen by 5.89% in the past month, lagging the Construction sector's loss of 4.52% and the S&P 500's gain of 3.15%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.03 per share and revenue of $44.8 million, indicating changes of +58.59% and +8.82%, respectively, compared to the previous year. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the ...

The most recent trading session ended with M-tron Industries, Inc. (MPTI) standing at $35.24, reflecting a -0.48% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.04%. On the other hand, the Dow registered a loss of 0.15%, and the technology-centric Nasdaq increased by 0.12%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.03 per share and revenue of $44.8 million, indicating changes of +58.59% and +8.82%, resp ...

Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates ...

MPTI could be on the verge of another rally after moving 26.1% higher over the last four weeks. Plus, the company is currently a Zacks Rank #1 (Strong Buy) stock. Once investors consider MPTI's positive earnings estimate revisions, the bullish case only solidifies. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, and the consensus estimate has increased as well. Investors may want to watch MPTI for more gains in the near future given the company's key tech ...

For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File No. 001-41391 Table of Contents 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 M-TRON INDUSTRIES, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Oth ...