M-tron Industries, Inc. Reports Second Quarter 2026 Results

ORLANDO, Fla. , Aug. 12, 2026 /PRNewswire/ -- M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company"), a U.S.-based designer and manufacturer of highly-engineered electronic components and solutions for the aerospace and defense, avionics, and space industries, announced strong financial results for the three and six months ended June 30, 2026.

Revenues increased 13.8% to $15.1 million for the three months ended June 30, 2026 compared to $13.3 million for the three months ended June 30, 2025 Net income increased 19.9% to $1.9 million for the three months ended June 30, 2026 compared to $1.6 million for the three months ended June 30, 2025, which included $1.0 million in non-cash stock-based compensation directly related to our 2025 bonus award Net income per diluted share decreased 18.9% to $0.43 for the three months ended June 30, 2026 compared to $0.53 for the three months ended June 30, 2025 Adjusted EBITDA increased $1.0 million to $3.4 million for the three months ended June 30, 2026 compared to $2.4 million for the three months ended June 30, 2025 Backlog increased 37.2% to $84.0 million as of June 30, 2026 compared to $61.2 million as of June 30, 2025

Three Months Ended June 30, Six Months Ended June 30, (in thousands, except share data) 2026 2025 % Change 2026 2025 % Change U.S. GAAP Financial Measures Revenues $ 15,109 $ 13,282 13.8 % $ 29,795 $ 26,014 14.5 % Gross margin 41.2 % 43.6 % (5.5) % 43.0 % 43.0 % 0.0 % Net income $ 1,870 $ 1,560 19.9 % $ 4,258 $ 3,190 33.5 % Net income per diluted share $ 0.43 $ 0.53 (18.9) % $ 1.0736 $ 1.0883 (1.8) % Non-GAAP Financial Measures (a) Adjusted EBITDA $ 3,401 $ 2,419 40.6 % $ 6,573 $ 4,921 33.6 % (a) A reconciliation of non-GAAP financial measures to the most comparable GAAP measure is provided at the end of this press release.

Results from Operations Second Quarter 2026 Revenu e was $15.1 million for the three months ended June 30, 2026 compared with $13.3 million for the three months ended June 30, 2025. The increase was primarily due to continued strong aerospace and defense program shipments and quarter over quarter growth for both avionics and space product shipments. Gross margin was 41.2% for the three months ended June 30, 2026 compared with 43.6% for the three months ended June 30, 2025. The decrease reflects the impact of approximately $0.5 million of stock-based compensation recorded in Manufacturing cost of sales in connection with the 2025 bonus awards, a 3.1% impact to gross margin. This charge is not expected to recur at comparable levels in future periods. There was no such stock-based compensation in the three months ended June 30, 2025 for the 2024 bonus award. Net income was $1.9 million, or $0.43 per diluted share, for the three months ended June 30, 2026 compared with $1.6 million, or $0.53 per diluted share, for the three months ended June 30, 2025. Current period results include $1.0 million of non-cash, stock-based compensation expense associated with the accelerated vesting of the 2025 bonus award. This charge is not expected to recur at comparable levels in future periods. The decrease in diluted earnings per share is due to the increase in weighted shares ou...