Mercury Systems Raises Consolidated Guidance To Reflect Themis Acquisition

(RTTNews) - Mercury Systems, Inc. (MRCY) announced, for the full fiscal year 2018, excluding Themis Computer, the company currently expects revenue of $464.0 million to $468.0 million, an increase from prior full year guidance of $460.0 million to $468.0 million.

For the full fiscal year 2018, including Themis Computer, the company currently expects revenue of $487.0 million to $492.0 million, and GAAP net income of $40.2 million to $41.8 million, or $0.85 to $0.88 per share. Adjusted EBITDA, including Themis Computer, is expected to be approximately $111.0 million to $113.5 million, and adjusted EPS is expected to be approximately $1.35 to $1.38 per share.

For the fourth quarter of fiscal 2018, revenues are forecasted to be in the range of $146.7 million to $151.7 million. Adjusted EBITDA is expected to be in the range of $33.2 million to $35.7 million. Adjusted EPS is expected to be in the range of $0.40 to $0.43 per share.

Adjusted earnings per share was $0.30 per share for the third quarter of fiscal 2018, compared to $0.29 per share in the third quarter of fiscal 2017. Adjusted EBITDA for the total company was $25.8 million, compared to $25.0 million for the third quarter of fiscal 2017. Total company revenues were $116.3 million, compared to $107.3 million in the third quarter of fiscal 2017.