Overview

• Gross profit rose 15% and gross margin expanded by 300 bps on improved project mix

• Net loss narrowed 41% yr/yr; FY 2027 revenue seen up 10%, EBITDA up 80%

• US precision metal components maker's FY 2026 revenue fell 7% on project mix shift

Outlook

• TechPrecision projects FY 2027 revenue of $35.0 mln-$37.0 mln

• Company expects FY 2027 EBITDA of $3.0 mln-$4.0 mln

• TechPrecision anticipates gross margin improvement as backlog is delivered over next 1-3 yrs

Result Drivers

• PROJECT MIX SHIFT - Co said a strategic change in project and customer mix at both Ranor and Stadco segments led to lower revenue but higher gross margin

• COST REDUCTIONS - Stadco's cost of revenue dropped by more than $1 mln yr/yr due to improved customer and project selection

• LOWER SG&A - SG&A expenses fell 7% for the year, mainly due to a decrease in professional fees

Company press release: ID:nACSDKS5Xa

Key Details

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