ETC Announces Fiscal 2026 Third Quarter Results

About this update from Environmental Tectonics Corp.

ETC Announces Fiscal 2026 Third Quarter Results ETC Announces Fiscal 2026 Third Quarter Results SOUTHAMPTON, Pa., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Environmental Tectonics Corporation (OTCID: ETCC) (“ETC” or the “Company”) today reported its financial results for the thirteen week period ended November 28, 2025 (the “2026 fiscal third quarter”). Robert L. Laurent, Jr., ETC’s Chief Executive Officer and President stated, “Sales declined in the third fiscal quarter as we have been executing against several large contracts, which are in the final phase of completion. However, we are pleased with the 12% increase in ETC sales backlog at the end of 2026 fiscal third quarter to $69.7 million as compared to $62.3 million at the end of the 2026 second fiscal quarter. This increase was driven by $20.0 million in new contract awards in 2026 fiscal third quarter. The increased sales backlog and the large pipeline of opportunities positions ETC for continued success. Fiscal 2026 Third Quarter Results of Operations Net Income Net income was $0.2 million, or $0.00 diluted earnings per share, in the 2026 fiscal third quarter, compared to net income of $2.4 million during the 2025 fiscal third quarter, equating to $0.14 diluted earnings per share. The $2.2 million unfavorable variance is primarily attributable to a $3.6 million decrease in net sales, a 3.1% decrease in gross profit margin percentage, a $0.3 million increase in operating expenses as well as a $0.4 million increase in interest expense, net. Net Sales Net sales in the 2026 fiscal third quarter were $12.7 million, a decrease of $3.6 million, or 22.0%, compared to 2025 fiscal third quarter net sales of $16.3 million. The decrease in net sales was driven by a $3.1 million, or 48.6%, decrease in sterilizer systems, a $0.5 million, or 35.5% decrease in environmental testing and simulation systems, and a $0.3 million, or 39.1% decrease in service and spare parts net sales in the 2026 fiscal third quarter as compared to 2025 fiscal third quarter net sales. The decrease in net sales was slightly offset by a $0.4 million, or 5.6% increase in aeromedical training solutions sales. Bookings in the 2026 fiscal third quarter were $20.0 million as compared to $9.3 million in the 2025 fiscal third quarter. Bookings in the 2026 fiscal third quarter were driven by $10.8...

View stock analysis, news, and events for Environmental Tectonics Corp.