Kratos Defense & & Security Solutions Inc (NASDAQ: KTOS) reported third-quarter monetary outcomes after the marketplace close on Tuesday. Here’s a rundown of the report.
- Q3 Earnings: $347.6 million, versus price quotes of $322.87 million
- Q3 Changed EPS: 14 cents, versus price quotes of 12 cents
Overall income was up 26% on a year-over-year basis. The business stated it utilized $13.3 countless capital in operations throughout the quarter.
• KTOS is feeling the pressure from bearish momentum. Track the current advancements here.
” Our Q3 monetary outcomes are representative of the increasing need for Kratos’ military grade hardware, systems and software application to support U.S. National Security and its allies,” stated Eric DeMarco, president and CEO of Kratos.
Kratos sees fourth-quarter income in the series of $320 million to $330 million versus Benzinga Pro price quotes of $334.55 million.
The business raised its full-year 2025 income assistance from a variety of $1.29 billion to $1.31 billion to a brand-new series of $1.32 billion to $1.33 billion, versus price quotes of $1.31 billion. Kratos likewise offered an initial 2027 income development target of 18% to 23%.
In connection with revenues, Kratos revealed it signed an offer to get Orbit Technologies for $356.3 million. The business prepares to money the acquisition with money. Kratos had roughly $565.9 million in overall money and money equivalents since Sept. 28.
” Orbit checks every box in a Kratos acquisition, consisting of impressive management and culture, mission-committed workers and leading innovation, with genuine, battle-proven hardware, items and systems that remain in Kratos’ sweet area,” DeMarco stated.
KTOS Rate Action: Kratos Defense shares were down 11.38% in after-hours, trading at $79.95 at the time of publication on Tuesday, according to Benzinga Pro.
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