INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC) Form 10-Q — Aug 13, 2026
Innovative Solutions and Support reported fiscal Q3 2026 net income of $4.49 million, up from $2.44 million a year earlier, with diluted EPS of $0.25 versus $0.14. Nine-month net income rose to $11.98 million from $8.52 million, and operating cash flow reached $15.54 million for the nine months. The period was defined by M&A. The company closed three product-line acquisitions: Honeywell's general aviation autopilot and nav/com business for $22.0 million, Honeywell's F-15/767 generator business for $8.0 million, and Moog's S-TEC Model 3100 autopilot line for $3.5 million, funded in part with a $32.0 million draw on its J.P.
Key figures
- Eps
- Q3 diluted $0.25 (vs $0.14 prior year); nine-month diluted $0.66 (vs $0.48)
- Net Income
- 11982478
- Total Debt
- 54500000
- Total Assets
- 147957154
- Cash Position
- 10694977
- Shares Outstanding
- 17899173
- Goodwill
- 15773104
- Q3 Net Income
- 4489323
- Swap Fixed Rate
- 4.057%
- Q3 Effective Tax Rate
- 10.5%
- Q3 Net Income Prior Year
- 2443814
- Aydin Acquisition Price
- 24500000
- Moog STec Consideration
- 3500000
- Interest Rate Swap Notional
- 53700000
- Pro Forma Net Sales Nine Months
- 71010096
- Nine Month Net Income Prior Year
- 8516348
- Operating Cash Flow Nine Months
- 15540729
- Initial Term Loan Effective Rate
- 5.9%
- Acquisition Cash Spend Nine Months
- 33000000
- Honeywell Autopilot Consideration
- 22000000
- Delayed Draw Term Loan Effective Rate
- 7.7%
- Honeywell Generators Consideration
- 8000000
- Net Sales From Acquired Businesses Nine Months
- 2300000
AI analysis
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