Quarterly ResultMay 14, 2026, 09:11 AM
Innovative Aerosystems Q2 Net Sales $22.4M; EPS $0.19; Completed 3 Acquisitions
AI Summary
Innovative Aerosystems reported fiscal Q2 2026 financial results, with net sales increasing 2% to $22.4 million and net income of $3.4 million ($0.19 per diluted share). Adjusted net income was $4.8 million ($0.26 per diluted share). The company completed three acquisitions, including autopilot technology from Moog and asset purchase/licensing agreements with Honeywell, projected to add $10 million in annual revenue. Strong organic growth in commercial aerospace and business aviation markets offset an anticipated decline in F-16 revenues due to manufacturing transition.
Key Highlights
- Completed three acquisitions (Moog autopilot, Honeywell assets/licensing) projected to add $10M annual revenue.
- Net sales increased 2.0% to $22.4 million for fiscal Q2 2026.
- Net income was $3.4 million, or $0.19 per diluted share.
- Adjusted Net Income was $4.8 million, or $0.26 per diluted share.
- Gross profit was $11.4 million, with a gross margin of 51.1%.
- Operating cash flow increased 78% to $2.3 million.
- New orders in Q2 fiscal 2026 were approximately $24.7 million.
- Backlog as of March 31, 2026, was approximately $87.0 million, up $7.4 million YoY.