Business
ETC Announces Fiscal 2026 Second Quarter Results
ETC Announces Fiscal 2026 Second Quarter Results.
About this update from Environmental Tectonics Corp.
[{"type":"text","content":"\r\n\r\n \r\n \r\n ETC Announces Fiscal 2026 Second Quarter Results\r\n \r\n \r\n\r\n\r\nETC Announces Fiscal 2026 Second Quarter Results\r\n\r\n\r\n\r\n\r\n\r\nSOUTHAMPTON, Pa., Oct. 14, 2025 (GLOBE NEWSWIRE) -- Environmental Tectonics Corporation (OTCID: ETCC) (“ETC” or the “Company”) today reported its financial results for the thirteen week period ended August 29, 2025 (the “2026 second fiscal quarter”). Robert L. Laurent, Jr., ETC’s Chief Executive Officer and President stated, “We are pleased with the 21% and 26% increase in ETC sales and operating income, respectively vs. prior year driven by an increase in sales of Aircrew Training Systems (“ATS”) and Sterilizers Systems during the 2026 second fiscal quarter. We exit the quarter with a sales backlog of $62 million and a large pipeline of opportunities”. Fiscal 2026 Second Quarter Results of Operations Net Income Net income was $1.5 million, or $0.08 diluted earnings per share in the 2026 fiscal second quarter, compared to net income of $1.7 million during the 2025 fiscal second quarter, equating to $0.09 diluted earnings per share. The $0.2 million decrease is a result of a $0.2 million increase in income before income tax being more than offset by a $0.4 million non-cash tax expense attributable to the partial utilization of our Net Operating Loss (NOL). The $0.2 million increase in income before income tax is attributable to a $2.9 million or 20.5% increase in net sales slightly offset by a 0.4% decrease in gross profit margin and a $0.3 million or 12.3% increase in operating expenses in fiscal second quarter 2026 as compared to fiscal second quarter 2025. Net Sales Net sales in the 2026 fiscal second quarter were $17.0 million, an increase of $2.9 million, or 20.5%, compared to 2025 fiscal second quarter net sales of $14.1 million. The increase in net sales was driven by a $2.7 million or 30.9% increase in ATS and a $0.9 million or 26.9% increase in Sterilizer Systems net sales in 2026 fiscal second quarter compared to 2025 fiscal second quarter net sales partially offset by a $0.7 million or 59.2% decrease in ADMS sales. Gross Profit Gross profit for the 2026 fiscal second quarter of $5.0 million increased from $4.2 million in the 2025 fiscal second quarter, an increase of $0.8 million or 18...