TechPrecision Corporation Reports Fiscal Year 2026 Second Quarter Financial Results

About this update from Techprecision Corporation

FY26 Q2 net income increases by $1.4 million year-over-year to $0.08 per share WESTMINSTER, MA / ACCESS Newswire / November 13, 2025 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company"), a custom manufacturer of precision, large-scale fabrication components and precision, large-scale machined metal structural components, today reported financial results for the second quarter ended September 30, 2025. The components that we manufacture are customer designed and sold to customers in the defense and precision industrial markets. We have two wholly owned subsidiaries that are each reportable segments, Ranor and Stadco. "Both Ranor and Stadco executed on a favorable project mix and improved gross margins and gross profit in the second quarter," stated Alexander Shen, TechPrecision's Chief Executive Officer. "We improved consolidated gross margin to 27% on $9.1 million in revenue in the second quarter of fiscal 2026, and consolidated gross profit totaled $2.5 million. Cost of revenue was lower at both Ranor and Stadco as a direct result of favorable mix at both segments." "Customer confidence remains high with our backlog reaching $47.8 million as of September 30, 2025," Mr. Shen continued. "We expect to deliver this backlog over the next one to three fiscal years with expectations for gross margin improvement throughout the period." The following summary compares the three and six months ended September 30, 2025 to the same prior year period: Consolidated Financial Results - Fiscal 2026 Three Months Ended September 30, 2025 Consolidated Financial Results - Fiscal 2026 Six Months Ended September 30, 2025 Financial Position On September 30, 2025 and March 31, 2025, the Company had approximately $0.2 million and $0.2 million in cash and cash equivalents, respectively. Working capital was $0.3 million on September 30, 2025 and debt totaled $7.3 million. Working capital was negative $1.7 million and total debt was $7.4 million on March 31, 2025. Conference Call The Company will hold a conference call at 4:30 p.m. Eastern (U.S.) time on Thursday, November 13, 2025. To participate in the live conference call, please dial 1-877-545-0523 five to 10 minutes prior to the scheduled conference call time. International callers should dial 1-973-528-0016. When prompted, reference TechPre...

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