Mercury Systems reports Q4 adjusted EPS 11c, consensus 59c

Reports Q4 revenue $253.24M, consensus $282.76M. “In the fourth quarter, with the support of our newly refreshed senior leadership and Board of Directors, our management team took immediate action to assess and begin addressing Mercury’s operational challenges,” said Bill Ballhaus, Mercury’s president and CEO. “We also reaffirmed that our strategy remains sound, as Mercury maintains a unique position at the intersection of technology and defense, with the potential to leverage a powerful long-term business model and benefit from strong secular growth in the market. As we deliver solutions and technologies that make defense platforms better today, we are confident in our ability to successfully realize the long-term value of Mercury as a national asset by continuing to make a difference in our customers’ missions.”