TechPrecision FY gross margin expands helped by strategic project mix

Techprecision

22/06/2026 21:37

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
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
 
$8.10 mln
 
Q4 EPS
 
-$0.04

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(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.)