Third Quarter Fiscal Year 2020 Financial Results
Strong Q3 results despite challenges
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Q3 FY20 vs. Q3 FY19
Record bookings up 32%
Record backlog up 38%
Record revenue up 19%
Organic revenue(¹)
up 11%
Record GAAP net income up 67%
Record adjusted EBITDA up 21%
Op cash of $30.1M; up 15%
FCF of $19.2M; 41% adj. EBITDA
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© 2020 Mercury Systems, Inc.
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LTM Q3 FY20 vs. LTM Q3 FY19
Record bookings up 29%
Record backlog up 38%
Record revenue up 20%
Organic revenue (¹)
up 11%
Record GAAP net income up 62%
Record adjusted EBITDA up 13%
Record Op cash of $112.4M; up 16%
FCF of $71.8M; 44% adj. EBITDA
Notes:
(1) Organic revenue represents total company revenue excluding net revenue from acquisitions for the first four full quarters since the entities' acquisition date (which excludes any intercompany
transactions). After the completion of four fiscal quarters, acquired businesses are treated as organic for current and comparable historical periods.
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