Environmental Tectonics Q2 sales rise on ETSS, ADMS growth

Environmental Tectonics

Mon 21:10

Overview
US simulation systems maker's fiscal Q2 sales rose 8.6% yr/yr, driven by ETSS and ADMS
Net income from continuing operations fell 19.7% yr/yr due to lower gross profit margin
Company sold Polish subsidiary post-quarter, entered 10-year supply cooperation agreement

Outlook
Company did not provide specific financial guidance for future quarters or the full year in the press release

Result Drivers
ETSS AND ADMS SALES - Co said Q2 sales growth was driven by higher Environmental Test and Simulation Systems and Advanced Disaster Management Simulators sales
GROSS PROFIT MARGIN DECLINE - Co attributed lower gross profit margin to negative job cost revisions in Aerospace segment and lower margins on completed contracts
STERILIZER AND ATS SALES DROP - Co said sales of Sterilizer Systems and Aircrew Training Systems declined in Q2, offsetting some gains

Company press release: ID:nGNXbm4xms

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
$18.32 mln
 
Q2 Net Income
 
$829,000
 
Q2 Gross Profit
 
$4.41 mln
 
Q2 Operating Income
 
$2.10 mln
 
Q2 Operating Margin
 
11.50%

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)