TechPrecision Q1 revenue rises on favorable project mix

Techprecision

13/08/2026 21:17

Overview
US custom manufacturer reported fiscal Q1 revenue up 23% yr/yr on favorable project mix
Gross profit rose 36% yr/yr, with net loss narrowing to $0.2 mln
Company reaffirmed FY 2027 guidance for double-digit revenue and strong EBITDA growth

Outlook
TechPrecision maintains FY 2027 revenue growth guidance of +10% to $35 mln-$37 mln
Company expects FY 2027 EBITDA growth of +80% to $3 mln-$4 mln
Company anticipates gross margin improvement as it delivers backlog over next one to three years

Result Drivers
PROJECT MIX - Co attributed revenue and gross profit increases to favorable customer and project mix at both Ranor and Stadco segments
BACKLOG - Co said customer confidence remains high with funded backlog at $52.7 mln and $22 mln in unfunded purchase orders
COST CONTROL - SG&A decreased 3% mainly due to lower professional fees and office costs

Company press release: ID:nACS9g3vga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
 
$9.1 mln
 
Q1 Gross Profit
 
$1.4 mln
 

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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.)