Quarterly ResultApr 30, 2026, 04:14 PM
PDEX Q3 Net Income +20% to $3.9M; Sales +14.6%; Acquires APM
AI Summary
PRO DEX INC reported a strong third quarter for fiscal 2026, with net income increasing 20.2% to $3.9 million and net sales rising 14.6% to $19.9 million. For the nine months, net income surged 38.9% to $10.8 million on a 16.4% increase in net sales to $57.1 million. The company completed the acquisition of Advanced Precision Machining (APM) for $8.65 million in February 2026, expanding its aerospace and defense capabilities. Additionally, PRO DEX recognized significant gains totaling $9.1 million from its investment in Monogram Technologies, following its acquisition by Zimmer Biomet and a milestone achievement.
Key Highlights
- Acquired Advanced Precision Machining (APM) for $8.65M in February 2026.
- Q3 FY26 Net Sales increased 14.6% to $19.9M from $17.4M YoY.
- Q3 FY26 Net Income rose 20.2% to $3.9M ($1.20 diluted EPS) from $3.3M YoY.
- Nine-month FY26 Net Sales grew 16.4% to $57.1M from $49.1M YoY.
- Nine-month FY26 Net Income increased 38.9% to $10.8M ($3.27 diluted EPS) from $7.8M YoY.
- Realized $6.8M gain from Monogram Technologies investment in Q2 FY26.
- Recognized additional $2.3M gain from Monogram milestone in Q3 FY26.
- Cash and cash equivalents increased to $9.99M at March 31, 2026, from $0.42M.