Third Quarter Fiscal Year 2020 Financial Results
Business outlook and summary
Low single-digit CAGR in overall defense spending forecast unchanged
• Potential risks for CR in GFY21; crowding out of defense spending by stimulus
• Continue delivering organic revenue growth higher than industry average rate
Strong balance sheet to supplement growth with strategic M&A
Plan to continue generating shareholder value:
- Drive 10% average organic revenue growth supplemented by strategic M&A
Invest in people, new technologies, facilities, manufacturing assets, business systems
Enhance margin, quality, on-time delivery and working capital
Grow revenues faster than operating expenses to improve operating leverage
Fully integrate acquired businesses to generate cost and revenue synergies
Continuing to diligently work to reduce and mitigate risk
Expect double-digit revenue and profitability growth, strong cash flow
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© 2020 Mercury Systems, Inc.
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