This is a paid press release. Contact the press release distributor directly with any inquiries.
TechPrecision Corporation Reports Fiscal Year 2027 First Quarter Financial Results
Consolidated Revenue and Gross Profit increased by 23% and 36%, respectively.
WESTMINSTER, MA /ACCESS Newswire/ August 13, 2026 /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 first quarter of fiscal year 2027, or three months ended June 30, 2026. 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.
Management will host a conference call on Thursday, August 13, 2026, at 4.30 p.m. ET, to discuss our financial results for the first quarter of fiscal year 2027.
“For the first quarter of fiscal year 2027 the Company reported consolidated revenue of $9.1 million or 23% higher than the same period a year ago. Consolidated gross profit was $1.4 million or 36% higher than the same period a year ago. Our Ranor segment executed on a favorable customer and project mix as revenue and gross profit increased by 27% and 4%, respectively” stated Alexander Shen, TechPrecision’s Chief Executive Officer. “Our Stadco segment executed on its strategic project mix change and revenue increased by 22%, and Stadco losses narrowed as cost of revenue was virtually unchanged from the same period a year ago.”
“As a result of the favorable customer and project mix at both segments, our net loss decreased by $0.4 million with equal EBITDA improvement,” stated Alexander Shen, TechPrecision’s Chief Executive Officer.
“Customer confidence remains high with our funded backlog reaching $52.7 million as of June 30, 2026, with approximately $22 million of additional unfunded purchase orders,” 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.”
“For the remainder of fiscal 2027, the Company remains on track to deliver double-digit revenue growth and resulting EBITDA as we continue to execute on the strategic customer and project mix plan,” stated Alexander Shen, TechPrecision’s Chief Executive Officer. The Company is holding to its FY 2027 guidance of Revenue growth of +10% to $35.0M – $37.0M and EBITDA growth of +80% to $3.0M-$4.0M.
The following summary compares the three months ended June 30, 2026 to the same prior year period:
