ETC Announces Fiscal 2027 Second Quarter Results
Environmental Tectonics reported fiscal 2027 Q2 net sales of $18.3 million, up 8.6% year-over-year, driven by surging ETSS and ADMS sales. However, profitability declined: net income from continuing operations fell 19.7% to $1.2 million ($0.06 diluted EPS) as gross margin compressed 470bps to 24.1%, hurt by negative Aerospace job-cost revisions. Diluted EPS including discontinued operations was $0.04 versus $0.08. Subsequent to quarter close, ETC completed the sale of 100% of its Polish subsidiary ETC-PZL, which will remain a preferred supplier under a 10-year cooperation agreement.
Key figures
- Eps
- 0.06
- Revenue
- 18319000
- Revenue Yoy
- 8.6%
- Gross margin
- 24.1%
- Gross profit
- 4413000
- Operating income
- 2103000
- Diluted eps total
- 0.04
- First half revenue
- 34491000
- Operating income yoy
- -17.7%
- First half diluted eps
- 0.05
- First half revenue yoy
- 1.9%
- Gross margin prior year
- 28.8%
- Net income continuing ops
- 1193000
- Fcf operating cash flow h1
- 3700000
- Credit facility repayment h1
- 3000000
- Net income continuing ops yoy
- -19.7%
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