TPCS

Image source: The Motley Fool. Thursday, Aug. 13, 2026, at 4:30 p.m. ET Chief Executive Officer-Alexander Shen Chief Financial Officer-Phillip Podgorski Managing Director-Brett Maas Operator: Greetings, and welcome to the TechPrecision Corporation Fiscal Year 2027 First Quarter Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Brett Maas, Managing Director of Hayden IR. Thank you, sir. You may begin. Brett Maas: Thank you. On the call today are Alex Shen, Chief Executive Officer; and Phil Podgorski, Chief Financial Officer. Before we begin, I'd like to remind our listeners that management's remarks may contain forward-looking statements which are subject to risks and uncertainties, and management may make additional forward-looking statements in response to your questions. Therefore, the company claims the protection of the safe harbor for forward-looking statements as contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ from those discussed today, and therefore, we refer you to a more detailed discussion of risks and uncertainties in the company's financial filings with the SEC. In addition, projections as to the company's future performance represents management's estimates as of today, August 13, 2026. TechPrecision assumes no obligation to revise or update these forward-looking statements. With that out of the way, I'd like to turn the call over to Alex Shen, Chief Executive Officer, to provide opening remarks. Alex, the floor is yours. Alexander Shen: Brett, thank you. Hello, and good afternoon to everyone. Thank you for joining us. Fiscal 2027 first quarter consolidated revenue was $9.1 million, 23% higher when compared to $7.4 million in the fiscal 2026 first quarter. Consolidated gross profit totaled $1.4 million or 36% higher when compared to the first quarter of fiscal 2026, primarily due to higher revenue and gross margin. Fiscal 2027 first quarter Ranor revenue was $5.5 million, 27% higher when compared to the prior year first quarter results. Fiscal 2027 first quarter revenue at Stadco increased by 22% to $4.1 million as we executed on our strategy to improve both customer project mix and gross margin expansion. We remain highly focused on aggressive daily cash management, a critical piece of risk mitigation. We continue to manage and control expenses, capital expenditures, customer advances, progress billings and final invoicing at shipment. Our tactical execution focus and success enables us to continuously resecure strategic customer confidence at both subsidiaries. Our Ranor segment continues to execute and install new equipment, funded by the $24 million plus in grants from our U.S. Navy submarine programs-related customers. This sustained cadence of new equipment procurement, delivery and installation is enabling and will continue to enable a reliable, robust and resilient manufacturing capacity dedicated to submarine programs at Ranor. At both Stadco and Ranor, our air defense and submarine defense customers have expressed their strong confidence as we continue to maintain on-time delivery of quality components. With strong customer confidence, both subsidiaries continue to experience meaningful new capture of business awards from these same customers, adding to our strong $52 million backlog. This $52 million only includes the funded portions of customer purchase orders with an additional approximately $22 million of unfunded purchase orders. In addition, our delivery performance is leading both Stadco and Ranor to new quoting opportunities in air defense and submarine defense sectors. The quoting opportunities are twofold with the same customers that already know and trust our capabilities and with new customers in the air and submarine defense sectors. New quoting opportunities enhance our potential to improve our throughput. For first articles and new work scopes, we are mindful of the uncertainty around the development and prove-out of the manufacturing approach and the fabrication and machining execution. From time to time, when necessary, we submit pricing adjustment requests, and equitable adjustments are adjudicated and approved by our customers. Regarding our backlog, we expect to deliver our $52 million backlog over the course of the next 1 to 3 fiscal years with gross margin expansion. We remain on track to meeting our fiscal year 2027 guidance provided in June 2026. I will now turn the call over to our Chief Financial Officer, Phil Podgorski, to continue with the review of our fiscal 2027 first quarter results. Phil, to you. Phillip Podgorski: Thank you, Alex. As Alex just mentioned, our fiscal 2027 first quarter consolidated revenue increased by 23% to $9.1 million compared to $7.4 million in the same period a year ago, driven on higher revenue at both Ranor and Stadco. Consolidated cost of revenue increased by 21%, in line with our revenue growth, resulting in consolidated gross profit increase of $400,000 in Q1 fiscal 2027 to $1.4 million, primarily due to higher revenue at both segments. Consolidated SG&A decreased by 3% to $1.4 million, primarily on a decrease in professional fees and services. Interest expense decreased by 21% due to lower interest incurred on our loans as well as lower amortization of debt issuance costs. Net loss was approximately $153,000 for the first quarter, or $0.02 per share on both a basic and fully diluted basis. Moving on to our financial position. As Alex mentioned, we continue to actively manage our cash flow daily. Net cash flow provided by operating and investment activities totaled $1.9 million for the 3 months ended June 30, 2026. Net cash used in financing activities totaled $2 million, primarily to pay down principal under the revolver loan and term loans. As a result, our total debt was $5 million even on June 30, 2026, compared to $7 million on March 31, 2026. Cash balance on June 30 was $279,000, compared to $431,000 on March 31. Now taking a little deeper dive into the segment performance for the quarter. For Ranor, first quarter revenue was higher by $1.2 million year-over-year, or 27% increase, primarily driven by favorable project mix. The revenue increase resulted in $1.6 million of gross profit for the quarter. For Stadco, Q1 fiscal 2027 revenue increased by $700,000, or 22% increase compared to the same period last year as we continue to execute on our strategic project mix change at Stadco. Stadco experienced Q1 year-over-year gross margin improvement as gross profit increased by $300,000 or 65% improvement, mainly due to higher revenue and throughput improvement. As Alex mentioned, we continue to actively work with our customers to reduce the wait times and improve throughput. With that, I will turn it back to Alex. Alexander Shen: In closing, for those on the call who may not be very familiar with our company, TechPrecision is a custom manufacturer of precision large-scale fabricated components and precision large-scale machined metal structural components. The components that we manufacture are customer-designed. We sell to customers in 2 main industry sectors, defense and precision industrial markets, predominantly defense. We do most of our work in industries that are highly sensitive to confidentiality, which preclude us from speaking publicly about many things that a company not operating in TechPrecision's specific environment might discuss. Please understand there are real limits as to what I can discuss, and sometimes those limits do change. TechPrecision is proud and honored to serve the United States defense industry, specifically naval submarine manufacturing through our Ranor subsidiary and military aircraft manufacturing through our Stadco subsidiary. We aim to secure and maintain enduring partnerships with our customers. As noted earlier, the total of completely funded grant money of more than $24 million from our U.S. Navy submarine programs reflects this strong partnership. This commitment represents more than 50% of TechPrecision's market cap of $48 million. Overall, at both Ranor and Stadco, we continue to see meaningful opportunities in the defense sector as evidenced by the strength of our backlog. We are encouraged by the prospects for growing our revenue and increasing profitability in future quarters. We are showing progress. We have more work to do with our Stadco subsidiary to get into the black. We are targeting to build and sustain a trend. Operator, please open the line for Q&A. Operator: [Operator Instructions] Your first question is coming from Ross Taylor from ARS Investment Partners. Ross Taylor: Well, first, congratulations, gentlemen. I cannot remember a time when you actually reported your earnings before the last date required. So I think it's a big change and part of the shift in direction in the company. Could you talk about -- last call, we talked about the -- getting a handle on the parts and programs that were costing you money at Stadco. Can you give us an update on where we stand with regard to have we made any progress on taking contracts or parts of contracts that were losing money and turn them into breakeven or profitable in the last quarter? Alexander Shen: We have made great progress. It's good to be able to say this with some facts behind us. Yes. I'm not going to be able to pinpoint the specific programs, but it's not just one program, Ross. It's across the board. We continue to take a look at what our manufacturing costs and our approach is and see where from time to time, we do go back to the customer and look for -- look to submit price adjustments. And when they're warranted and adjudicated as such, they do come back with resolution in our favor. And that has happened well the last quarter. Ross Taylor: When you look at the kind of the percentage of business or the business you do at Stadco, what percentage do you think is operating under this impingement in this kind of environment? Alexander Shen: Now? Ross Taylor: Yes. Alexander Shen: After we got done through scouring everything, I think it's -- well, it's definitely less than 50%. I don't know that I can put a percentage number on there because the mix tends to change quarter-to-quarter. I think on our new orders that we secure other than new first articles and new work scopes that are added to current orders, the new orders coming in, we're pretty focused on making sure we really work with our customers much closer so they understand, hey, there's a lot of development, manufacturing development work in this new contract you've given us. Phil on his side is providing financial oversight early. On our side, from the quoting stage all the way through to execution and delivery, we've put in gates so that we see where we're at with these gates. So when we reach a certain milestone with the customer on a project -- on a new project, especially, that's the time to gauge, not wait until the end. And really, it starts off with a quoting process that has more rigor in it that we've ever had before, especially the legacy Stadco. So I think as we correct the contracts that are the legacy and the new ones really have a lot more rigor in them built in from the very beginning. I'm not trying to avoid answering your question on percentage. It's just hard to pinpoint a percent. I think it's more characterized by the new contracts, they're getting a lot of scrutiny before the pricing submitted. And even after the pricing submitted, there are things that we put in place to mitigate our risk. Phillip Podgorski: And I think I'll add to that, too, Alex, that Alex talked about the quoting process. And as we hit milestones reviewing, we have now a robust estimate-to-complete process in place that's going to help us avoid any surprises and get back to the customer much earlier than what we've had in the past. So it will help us identify and address any issues, particularly on first articles as we move forward. So positive improvement in the process as well. Ross Taylor: Yes. And so it seems like part of the problem has been is older contracts, as those older contracts roll off or are addressed, we should be looking at a situation where there are fewer and fewer parts numbers that you produce at Stadco that have losses. And eventually, that should go other than first articles because we understand the difficult nature of first articles. But that as we push forward, then we should really be seeing fewer and fewer drags on performance out of Stadco as the parts -- the older contracts roll off and are replaced by newer contracts. Correct? Alexander Shen: Yes, that is correct, and that's the goal and what we're driving toward. Absolutely correct. Ross Taylor: Okay. Is part of the problem then that the quality of work you're receiving because at times, you received my understanding or having long ago walked through Ranor's facility, some stuff comes to you partially worked or in my words, partially worked and you have to finish it, you have to take it from a mildly worked lump of metal and turn it into something actually meaningful. Is part of the problem that you -- the work that comes to you has been substandard? Alexander Shen: That definitely is part of the problem, yes. Absolutely. That -- not by itself is the problem, but that contributes to problems because it interrupts our manufacturing, the plan doesn't go accordingly. We didn't expect -- let's just talk about some specifics on metal, some metals formed by castings. Castings have inherent porosity that process is subject to it. So when that happens and you have expected porosity in unexpected places, that causes a blip. And sometimes the blip turns into it needs to go on hold and wait for material disposition by our client side. Ross Taylor: Which increases cost and reduces efficiency. So it basically hits you 2 ways when that happens. Alexander Shen: Absolutely. We're addressing each one of those with each of the customers as well. So... Ross Taylor: Can you talk about your ability to bringing in new business customers? I mean, you've talked about how satisfied they are with your work efforts. Have you -- are you finding them bringing you more work? It seems that in this situation where the primes and the subprimes are struggling to use their limited resources that they might be eager to push more work toward you so that you can effectively make their job easier, both in Ranor and Stadco. Are you finding that? Alexander Shen: Yes, we are. And thank you for asking the question. This is something I did want to find a way to expand on during our discussion during the Q&A. Because we are performing successfully with the contracts that we have and by and large, delivering on-time quality components, that confidence level translates not only into more POs on stuff that we have repeated in the past that we're still competing for every time. But new quotes are hitting us from 2 ways. One is the very same customers that are confident in us. But there's new customers that also want to try a piece of the pie. We have certain capabilities, and we are becoming known for those capabilities, the ability to deliver, for example, there's electron beam welding capability at Stadco. Not everybody has that capability, not every fabrication house, very few fabrication houses, as a matter of fact, has that capability and the size of the electron beam welding unit that we have. What happens is we got new quotes. We got a lot of new quotes. It's not like we can land every single new quote, perhaps for every double-digit handful of quotes, 10 to 12 to 15, perhaps we can land 1 or 2 of those. But if we don't do any new quoting for those parts, we'll certainly not get any. But we are being given opportunities. We are actively searching and making sure we ask for the opportunity to quote more business with our current cadre of customers that trust us, but also the ones that are perhaps adjacent or competitors with our current customers. We're getting some traction, and we are getting -- well, let's first deal with one thing. We want to improve our throughput. So as we talked just a little bit earlier, Ross, with you just now on interruptions, how some customer-furnished material might have defects. Okay. Well, we need stuff in the background to fill the gap. And that's really working quite nicely. We have quotes that are turning into business and new awards of new parts. And those do have a tendency to fill in the gap when it coincides and the mix is right. We've started to experience some of that. It's very encouraging. And yes, so to answer your question in a long-winded fashion, we are seeing new opportunities, both from the current customer set and some new customers as well. Ross Taylor: Okay. And we talked last call about the potential you've seen and you highlighted the money that's been given to you by whether it's the government or the primes to help out build capacity at Ranor. And we talked about the potential for that at Stadco. Has any progress been made? Are you seeing any shifts in that side where -- I mean, it strikes me as quite honestly an editorial comment with the U.S. Air Force looking at possibly replacing the F-15E with the EX as well as a much bigger EX build, the fact that we are selling the advanced air-to-air missile, I think the 130 to Australia, which would make sense that they move away from their current platform to perhaps a more robust platform, perhaps like an EX. You need to really meaningfully increase production. The Air Force probably needs to go from 24 to 48 or more aircraft a year. Have you seen any willingness or any interest in people like Boeing or Sikorsky or others to provide the capital needed or the equipment needed for you to meaningfully increase production? Alexander Shen: We are in active pursuit aggressively from our side to the customers. I think that I have a clamp put on me on how much I can speak about it. So I think that in itself is going to answer your question as in the incremental progress is being made, and I'm not at a point to speak of it yet. But I think that's an answer in itself because if there was nothing going on, I would tell you that there's something going on that I can't really talk about on the specifics. Yes. So we're making progress. That's what I can tell you. The progress is not visible yet. So hopefully soon. Ross Taylor: But we could see that. And look, I think it is. It's quite clear that you guys have turned a corner. You've gained a level of confidence you haven't had as a business in a long time. And I think that's starting to show in the back-to-back $9 million-plus quarters in revenues sets a strong base. And hopefully, we'll see you guys start to meaningfully break into the free cash flow positive level. Along those lines, I would like to say one thing is when your stock sells for less than a latte, it would be really nice to see insiders buy stock. You had 2 directors sell stock years ago at $7, $8 a share, I think. I haven't seen an insider buy stock since Hector was a pup. So it would be really nice to see some people show support for the business. As I said, literally, I think it probably costs you more to get your coffee in the morning than to buy a share of stock. So it'd be really nice to see -- starting to see some releases talking about Board members and senior management members actually buying stock. Alexander Shen: Okay. Right. Agreed. Ross Taylor: And congratulations on getting the release out early and also even though you dropped it into a day when I have 5 calls at the same time. But on top of that, the progress you guys have made in the last couple of quarters, both financially, but even more importantly, I think, culturally and how you come to the Street is really important and is really appreciated. Operator: Thank you. That concludes our Q&A session. I will now hand the conference back to management for closing remarks. Please go ahead. Alexander Shen: Thank you very much, everyone. Have a great day. Before you buy stock in TechPrecision, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and TechPrecision wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $432,621!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,335,314!* That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 20, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. TechPrecision (TPCS) Q1 2027 Earnings Call Transcript was originally published by The Motley Fool

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Consolidated revenue growth of 23% was driven by favorable project mix at Ranor and strategic throughput improvements at Stadco. The Ranor segment is actively installing new equipment funded by over $24 million in U.S. Navy grants, creating a resilient manufacturing capacity dedicated to submarine programs. Management is executing a tactical focus on aggressive daily cash management to mitigate risk and resecure strategic customer confidence. Stadco's 22% revenue increase reflects a deliberate shift in customer project mix aimed at expanding gross margins and improving operational throughput. Strong delivery performance in air and submarine defense sectors is generating new quoting opportunities with both legacy and new customers. The company utilizes pricing adjustment requests and equitable adjustments to mitigate uncertainty associated with first-article development and new work scopes. Management expects to deliver the $52 million funded backlog over the next one to three fiscal years with anticipated gross margin expansion. The company remains on track to meet the fiscal year 2027 guidance previously provided in June 2026. Strategic focus at Stadco remains centered on transitioning the subsidiary into the black by replacing legacy contracts with higher-rigor new awards. Future profitability is expected to benefit from the sustained cadence of new equipment procurement and installation at the Ranor facility. Total debt was reduced to $5 million as of June 30, 2026, down from $7 million in the prior quarter, following aggressive principal repayments. The $24 million in Navy grants represents more than 50% of the company's current market capitalization, highlighting the strategic importance of the partnership. Operational risks include inherent material defects in customer-furnished castings, which can cause manufacturing delays and require material disposition by clients. Confidentiality requirements in the defense sector limit management's ability to disclose specific program details or customer identities. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management reported 'great progress' across multiple programs, noting that loss-impinged business is now definitely less than 50% of the mix. New quoting processes include increased rigor and financial oversight gates to identify manufacturing development risks before pricing is submitted. The company implemented a robust 'estimate-to-complete' process to avoid surprises on first-article components and address issues earlier in the cycle. Successful delivery performance has led to new quotes from both current customers and adjacent competitors interested in specialized capabilities like large-scale electron beam welding. Management is using new business awards to fill manufacturing gaps caused by interruptions in customer-furnished materials. While the conversion rate for new quotes is approximately 1 or 2 out of every 10-15, the increased volume is critical for improving overall throughput. Management confirmed they are in 'active pursuit aggressively' of capital support from major primes or the government, similar to the grants received at Ranor. The CEO declined to provide specific details due to disclosure restrictions but indicated that 'incremental progress is being made' behind the scenes.

This article first appeared on GuruFocus. Release Date: August 13, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Consolidated revenue increased 23% year-over-year to $9.1 million, driven by growth at both Raynor and Stadco. Gross profit rose 36% to $1.4 million, reflecting higher revenue and improved margins. Raynor revenue grew 27% to $5.5 million, supported by favorable project mix and new equipment funded by $24 million in U.S. Navy grants. Stadco revenue increased 22% to $4.1 million, with gross profit up 65% due to better project mix and throughput. Backlog remains strong at $52 million funded, plus $22 million unfunded, providing revenue visibility for the next 1-3 years. Total debt reduced to $5 million from $7 million, and interest expense decreased 21%. Net loss of $153,000 in Q1, though improved from prior year. Cash balance declined to $279,000 from $431,000, indicating tight liquidity. Stadco still not profitable, with management acknowledging more work needed to turn it around. Customer-furnished materials with defects (e.g., casting porosity) cause production interruptions and increased costs. Uncertainty around first articles and new work scopes can lead to pricing adjustments and potential delays. New quoting opportunities have a low win rate (1-2 out of 10-15 quotes), limiting near-term growth. Warning! GuruFocus has detected 8 Warning Signs with TPCS. Is TPCS fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an update on the progress made at Stadco in addressing contracts or parts of contracts that were losing money and turning them into break-even or profitable operations? A: Alex Shen, CEO: We have made great progress across the board, not just on one program. We continue to review our manufacturing costs and approaches, and when warranted, we submit pricing adjustment requests to customers. These have been adjudicated in our favor during the last quarter, contributing to improved profitability. Q: What percentage of Stadco's business is still operating under the challenging conditions of legacy contracts? A: Alex Shen, CEO: It's definitely less than 50%, though the mix changes quarter to quarter. For new orders, we've implemented a much more rigorous quoting process with financial oversight from the CFO from the coding stage through execution. We've established milestone gates to gauge performance early, rather than waiting until the end of a project. Q: Are you seeing customers bring more work to you given your strong performance and their limited resources? A: Alex Shen, CEO: Yes, we are. Our successful on-time delivery of quality components has built strong customer confidence, leading to more purchase orders and new quoting opportunities. We're receiving quotes from both existing customers and new customers in the air and submarine defense sectors. For example, our electron beam welding capability at Stadco is unique, attracting new business. While we may land one or two out of every 10-15 quotes, these new opportunities help fill gaps caused by interruptions like defective customer-furnished materials. Q: Have you made any progress on securing capital or equipment from customers like Boeing or Sikorsky to meaningfully increase production at Stadco, similar to the grants received at Raynor? A: Alex Shen, CEO: We are in active pursuit aggressively with our customers. I have a clamp on how much I can speak about it, but the fact that I can't discuss specifics indicates that incremental progress is being made. If there was nothing going on, I would tell you that. The progress is not visible yet, but hopefully soon. Q: Can you elaborate on the financial results for the first quarter of fiscal 2027? A: Philip Hankoski, CFO: Consolidated revenue increased 23% to $9.1 million, driven by higher revenue at both Raynor and Stadco. Gross profit increased by $400,000 to $1.4 million. SG&A decreased 3% to $1.4 million, and interest expense decreased 21%. Net loss was approximately $153,000, or $0.02 per share. Total debt was reduced to $5 million from $7 million, and cash balance was $279,000. Q: How did the segments perform individually in the first quarter? A: Philip Hankoski, CFO: Raynor revenue increased 27% year-over-year to $5.5 million, driven by favorable project mix, resulting in $1.6 million of gross profit. Stadco revenue increased 22% to $4.1 million, with gross profit improving by 65% due to higher revenue and throughput improvement. Q: Is part of the problem at Stadco related to the quality of work received from customers, such as partially worked materials or defective castings? A: Alex Shen, CEO: Yes, that definitely contributes to the problem. For example, castings have inherent porosity that can appear in unexpected places, causing interruptions in our manufacturing plan. This can lead to holds while waiting for material disposition from the client, which increases costs and reduces efficiency. We are addressing each of these issues with our customers. Q: As older contracts roll off, should we expect fewer drags on performance at Stadco? A: Philip Hankoski, CFO: Yes, that is correct. That's the goal we are driving towards. We now have a robust estimate-to-complete process in place that will help us avoid surprises and address issues earlier, particularly on first articles, leading to improved performance as legacy contracts are replaced by newer, more rigorously priced ones. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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: Consolidated Financial Results - Three Months Ended June 30, 2026 Revenue was $9.1 million, a 23% increase on a favorable customer and project mix at both segments. Cost of revenue was $7.7 million, or a 21% increase in line with segment revenue growth. Gross profit was $1.4 million, an increase of 36% primarily on higher revenue at both segments. SG&A decreased by 3% primarily on a decrease in professional fees and office costs. Operating loss was $45,000, a 90% improvement due primarily to the higher margin drop-through. Interest expense decreased 21%, due to lower interest costs incurred on loans. Net loss was $0.2 million, compared with net loss of $0.6 million in the same period a year ago. Financial Position On June 30, 2026, and March 31, 2026, the Company had approximately $0.3 million and $0.4 million in cash, respectively. Working capital was negative $46,000 and total debt was $5.0 million on June 30, 2026. Working capital was negative $0.4 million on March 31, 2026, and debt totaled $7.0 million. Negative working capital reflects required classification of all debt obligations as current due to certain debt covenant violations. Conference Call The Company will hold a conference call at 4:30 p.m. Eastern (U.S.) time on Thursday, August 13, 2026. To participate in the live conference call, please dial 1-888-506-0062 five to 10 minutes prior to the scheduled conference call time. International callers should dial 1-973-528-0011. When prompted, reference TechPrecision and enter code 723051. A replay will be available until August 27, 2026. To access the replay, dial 1-877-481-4010 or 1-919-882-2331. When prompted, enter Conference Passcode 54397.The call will also be available over the Internet and accessible at: https://www.webcaster5.com/Webcast/Page/2198/54397. About TechPrecision Corporation TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc. and Stadco, is a custom manufacturer of precision, large-scale fabrication components and precision, large-scale machined metal structural components. The manufacturing operations of our Ranor subsidiary are situated on approximately 65 acres in North Central Massachusetts. Leveraging our 145,000 square foot facilities, Ranor provides a full range of custom solutions to transform material into precision finished welded components and precision finished machined components up to 100 tons: manufacturing engineering, materials management and traceability, high-precision heavy fabrication (in-house fabrication operations include cutting, press and roll forming, welding, heat treating, assembly, blasting and painting), heavy high-precision machining (in-house machining operations include CNC programming, finishing, and assembly), QC inspection including portable CMM, NonDestructive Testing, and final packaging. All manufacturing at Ranor is performed in accordance with customer requirements. Ranor is an ISO 9001:2015 certificate holder. Ranor is a US defense-centric company with over 95% of its revenue in the defense sector. Ranor is registered and compliant with ITAR. The manufacturing operations of our Stadco subsidiary are situated in an industrial self-contained multi-building complex comprised of approximately 183,000 square feet under roof in Los Angeles, California. Stadco manufactures large mission-critical components on several high-profile military aircraft, military helicopter, and military space programs. Stadco has been a critical supplier to a blue-chip customer base that includes some of the largest OEMs and prime contractors in the defense and aerospace industries. Stadco also manufactures tooling, molds, fixtures, jigs and dies used in the production of defense-centric aircraft components. Our Stadco subsidiary, similar to Ranor, provides a full range of custom solutions: manufacturing engineering, materials management and traceability, high-precision fabrication (in-house fabrication operations include waterjet cutting, press forming, welding, and assembly) and high-precision machining (in-house machining operations include CNC programming, finishing, and assembly), QC inspection including both fixed and portable CMM NonDestructive Testing, and final packaging. In addition, Stadco features a large electron beam welding cell, and two NonDestructive Testing work cells, a unique mission-critical technology set. All manufacturing at Stadco is performed in accordance with customer requirements. Stadco is an AS 9100 D and ISO 9001:2015 certificate holder and a NADCAP NonDestructive Testing certificate holder. Stadco is a US defense-centric company with over 95% of its revenue in the defense sector. Stadco is registered and compliant with ITAR. To learn more about the Company, please visit the corporate website at http://www.techprecision.com. Information on the Company's website or any other website does not constitute a part of this press release. Safe Harbor Statement This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements other than statements of current or historical fact contained in this press release, including statements that express our intentions, plans, objectives, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "prospects," "will," "should," "would" and similar expressions, as they relate to us, are intended to identify forward-looking statements. These statements are based on current expectations, estimates and projections made by management about our business, our industry and other conditions affecting our financial condition, results of operations or business prospects. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, the forward-looking statements due to numerous risks and uncertainties. Factors that could cause such outcomes and results to differ include, but are not limited to, risks and uncertainties arising from: our reliance on individual purchase orders, rather than long-term contracts, to generate revenue; our ability to balance the composition of our revenues and effectively control operating expenses; external factors that may be outside our control, including health emergencies, like epidemics or pandemics, geopolitical conflicts, price inflation, interest rate increases and supply chain disruptions; the availability of appropriate financing facilities impacting our operations, financial condition and/or liquidity; our ability to receive contract awards through competitive bidding processes; our ability to maintain standards to enable us to manufacture products to exacting specifications; our ability to enter new markets for our services; our reliance on a small number of customers for a significant percentage of our business; competitive pressures in the markets we serve; changes in the availability or cost of raw materials and energy for our production facilities; restrictions in our ability to operate our business due to our outstanding indebtedness; government tariffs, regulations and requirements; pricing and business development difficulties; changes in government spending on national defense; our ability to make acquisitions and successfully integrate those acquisitions with our business; our failure to maintain effective internal controls over financial reporting; general industry and market conditions and growth rates; and other risks discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). Any forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release, except as required by applicable law. Investors should evaluate any statements made by us in light of these important factors. TECHPRECISION CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS TECHPRECISION CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) TECHPRECISION CORPORATIONREVENUE, COST OF REVENUE, GROSS PROFIT BY SEGMENT (Unaudited) 1Net of intersegment eliminations TECHPRECISION CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) EBITDA Non-GAAP Financial Measure 1Includes amortization of debt issue costs SOURCE: TechPrecision Corporation View the original press release on ACCESS Newswire

WESTMINSTER, MA / ACCESS Newswire / August 6, 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 announced it plans to release financial results for its 2027 fiscal first quarter on Thursday, August 13, 2026 after market close. The Company will hold a conference call at 4:30 p.m. Eastern (U.S.) time on Thursday, August 13, 2026. To participate in the live conference call, please dial 1-888-506-0062 five to 10 minutes prior to the scheduled conference call time. International callers should dial 1-973-528-0011. When prompted, reference TechPrecision and enter code 723051. A replay will be available until August 27, 2026. To access the replay, dial 1-877-481-4010 or 1-919-882-2331. When prompted, enter Conference Passcode 54397. The call will also be available over the Internet and accessible at: https://www.webcaster5.com/Webcast/Page/2198/54397. About TechPrecision Corporation TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc. and Stadco, is a custom manufacturer of precision, large-scale fabrication components and precision, large-scale machined metal structural components. The manufacturing operations of our Ranor subsidiary are situated on approximately 65 acres in North Central Massachusetts. Leveraging our 145,000 square foot facilities, Ranor provides a full range of custom solutions to transform material into precision finished welded components and precision finished machined components up to 100 tons: manufacturing engineering, materials management and traceability, high-precision heavy fabrication (in-house fabrication operations include cutting, press and roll forming, welding, heat treating, assembly, blasting and painting), heavy high-precision machining (in-house machining operations include CNC programming, finishing, and assembly), QC inspection including portable CMM, NonDestructive Testing, and final packaging. All manufacturing at Ranor is performed in accordance with customer requirements. Ranor is an ISO 9001:2015 certificate holder. Ranor is a US defense-centric company with over 95% of its revenue in the defense sector. Ranor is registered and compliant with ITAR. The manufacturing operations of our Stadco subsidiary are situated in an industrial self-contained multi-building complex comprised of approximately 183,000 square feet under roof in Los Angeles, California. Stadco manufactures large mission-critical components on several high-profile military aircraft, military helicopter, and military space programs. Stadco has been a critical supplier to a blue-chip customer base that includes some of the largest OEMs and prime contractors in the defense and aerospace industries. Stadco also manufactures tooling, molds, fixtures, jigs and dies used in the production of defense-centric aircraft components. Our Stadco subsidiary, similar to Ranor, provides a full range of custom solutions: manufacturing engineering, materials management and traceability, high-precision fabrication (in-house fabrication operations include waterjet cutting, press forming, welding, and assembly) and high-precision machining (in-house machining operations include CNC programming, finishing, and assembly), QC inspection including both fixed and portable CMM NonDestructive Testing, and final packaging. In addition, Stadco features a large electron beam welding cell, and two NonDestructive Testing work cells, a unique mission-critical technology set. All manufacturing at Stadco is performed in accordance with customer requirements. Stadco is an AS 9100 D and ISO 9001:2015 certificate holder and a NADCAP NonDestructive Testing certificate holder. Stadco is a US defense-centric company with over 95% of its revenue in the defense sector. Stadco is registered and compliant with ITAR. To learn more about the Company, please visit the corporate website at http://www.techprecision.com. Information on the Company's website or any other website does not constitute a part of this press release. SOURCE: TechPrecision Corporation View the original press release on ACCESS Newswire

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Consolidated revenue for Q4 2026 declined 15% to $8.1 million due to lower revenue at both the Ranor and Stadco segments, with both subsidiaries experiencing delays in receiving customer-furnished materials. Management is executing a strategic pivot at Stadco to shift the project mix away from difficult-to-price 'one-off' projects toward repeat parts on established programs of record. The Ranor segment continues to leverage over $24 million in U.S. Navy grants to install new equipment, creating a dedicated and resilient manufacturing capacity for submarine programs. Operational performance is being hampered by 'legacy anchors'—contracts priced with de-escalation clauses during a period of market inflation—which management is actively working through. Strategic customer confidence remains high despite revenue dips, evidenced by a $52 million funded backlog and an additional $25 million in unfunded purchase orders. The company is prioritizing aggressive daily cash management and expense control to mitigate risks while navigating the final stages of the Stadco turnaround. Management attributes the path to profitability to three pillars: strategic mix change, corrected pricing models, and the replacement of aged equipment. Fiscal year 2027 guidance projects revenue between $35 million and $37 million, with EBITDA expected to double to a range of $3 million to $4 million. The $52 million funded backlog is expected to be delivered over the next one to three fiscal years with anticipated gross margin expansion. Management expects the two remaining loss-making legacy contracts at Stadco to be completed during fiscal 2027, clearing the way for a more profitable project mix. Future capital allocation will focus on a combination of debt reduction and critical equipment investment at Stadco to improve throughput and efficiency. The company is aggressively pursuing additional CapEx assistance in the form of grants from defense customers to expand industrial base capacity without incurring new debt. Stadco's gross profit was significantly impacted by delays in receiving customer-furnished materials and slow customer disposition of non-conformances. The company identified two specific legacy contracts that continue to drag on margins due to poor initial pricing and de-escalation terms; these are in their 'last leg'. TechPrecision operates in highly sensitive defense sectors, which limits the public disclosure of specific project names and technical details. Aged equipment at Stadco is a recognized bottleneck, necessitating either customer-funded grants or internal capital investment to meet future demand. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management admitted the Stadco turnaround is not yet complete but cited 'positive, sustained improvement' that is nearing a break-even trend. The failure to reach profitability earlier was attributed to a mix of one-off projects that were difficult to estimate and legacy contracts with unfavorable pricing terms. The company has successfully renegotiated terms or repriced most contracts, with only two legacy projects remaining to be cleared in fiscal 2027. Management confirmed that major military aircraft programs (alluded to as the F-15EX and CH-53K) are expected to be operationally profitable in fiscal 2027. The transition to repeat parts and corrected pricing is expected to drive this shift to profitability for these specific programs. Management is aggressively requesting CapEx assistance from major defense primes and the government to build out the industrial base. While Ranor has successfully secured $24 million in Navy grants, Stadco is still in the process of seeking similar support to upgrade its aged equipment. The company emphasized that customers must invest in the supplier base to achieve the higher production throughput required for modern defense programs.

This article first appeared on GuruFocus. Consolidated Revenue: $8.1 million for Q4 fiscal 2026, a 15% decrease from $9.5 million in Q4 fiscal 2025. Consolidated Gross Profit: $1.1 million for Q4 fiscal 2026, a 47% decrease from the previous year. STADCO Revenue: $4.2 million for Q4 fiscal 2026. STADCO Gross Profit: $28,000 for Q4 fiscal 2026. Ranor Revenue: $3.9 million for Q4 fiscal 2026. Ranor Gross Profit: $1.1 million for Q4 fiscal 2026, a 16% decrease from the previous year. Net Income: $400,000 for Q4 fiscal 2026, or $0.04 per share. 12-Month Revenue: $31.6 million for fiscal 2026, a 7% decrease from the previous year. 12-Month Net Loss: $1.6 million, or $0.17 per share. Backlog: $52 million, with an additional $25 million in unfunded purchase orders. Projected 2027 Revenue: $35 million to $37 million. Projected 2027 EBITDA: $3 million to $4 million. Debt: $6.9 million as of March 31, 2026. Cash: $431,000 as of March 31, 2026. Warning! GuruFocus has detected 5 Warning Signs with TPCS. Is TPCS fairly valued? Test your thesis with our free DCF calculator. Release Date: June 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Techprecision Corp (NASDAQ:TPCS) has a strong $52 million backlog, with an additional $25 million in unfunded purchase orders, indicating a robust pipeline of future work. The company is projecting fiscal year 2027 revenue to be between $35 million and $37 million, with an expected EBITDA of $3 million to $4 million, suggesting anticipated growth. Ranor segment continues to benefit from over $24 million in grants from US Navy submarine programs, enhancing its manufacturing capacity. Techprecision Corp (NASDAQ:TPCS) has managed to decrease its consolidated SG&A expenses by 24%, reflecting effective cost management. The company has successfully renegotiated and repriced legacy contracts, which should improve future profitability. Consolidated revenue for the fourth quarter of fiscal 2026 decreased by 15% compared to the same period in the previous year. STADCO segment experienced significant challenges, with delays in customer-furnished materials and customer analysis impacting gross profit. The company reported a net loss of $1.6 million for the fiscal year ended March 31, 2026. Techprecision Corp (NASDAQ:TPCS) is still dealing with legacy contracts that are not profitable, which are expected to carry into fiscal 2027. The company faces challenges with aged equipment, requiring significant capital investment to improve efficiency and throughput. Q: What was TechPrecision's EBITDA for fiscal year 2026, and is there an expectation to double it in fiscal year 2027? A: Phillip Podgorski, CFO, confirmed that the company expects to double or better than double the EBITDA in fiscal year 2027 compared to fiscal year 2026. Q: With the increase in EBITDA, will TechPrecision be able to make a more significant dent in its debt during fiscal year 2027? A: Phillip Podgorski, CFO, stated that the company plans to balance investment in equipment with paying down debt, emphasizing the importance of investing in STADCO to improve efficiency and throughput. Q: Why has STADCO been a challenge, and what steps are being taken to fix it? A: Alexander Shen, CEO, explained that the issues stemmed from a mix of one-off projects and repeat parts, which were difficult to estimate and price correctly. The company is now focusing on strategic mix changes towards repeat parts and programs of record with the U.S. government to improve profitability. Q: Are the Boeing F-15EX and CH-53K programs currently profitable? A: Alexander Shen, CEO, confirmed that these programs are profitable. However, there are still legacy contracts with other customers that need to be addressed. Q: Will TechPrecision's major programs be profitable by the end of fiscal year 2027? A: Phillip Podgorski, CFO, assured that the major programs mentioned will be profitable in fiscal year 2027, marking significant progress for the company. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

WESTMINSTER, MA / ACCESS Newswire / June 22, 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 announced it plans to release financial results for its 2026 fiscal fourth quarter and year end on Monday, June 22, 2026 after market close. The Company will hold a conference call at 4:30 p.m. Eastern (U.S.) time on Monday, June 22, 2026. To participate in the live conference call, please dial 1-888-506-0062 five to 10 minutes prior to the scheduled conference call time. International callers should dial 1-973-528-0011. When prompted, reference TechPrecision and enter code 542825. A replay will be available until July 6, 2026. To access the replay, dial 1-877-481-4010 or 1-919-882-2331. When prompted, enter Conference Passcode 54132. The call will also be available over the Internet and accessible at: https://www.webcaster5.com/Webcast/Page/2198/54132. About TechPrecision Corporation TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc. and Stadco, The manufacturing operations of our Ranor subsidiary are situated on approximately 65 acres in North Central Massachusetts. Leveraging our 145,000 square foot facilities, Ranor provides a full range of custom solutions to transform material into precision finished welded components and precision finished machined components up to 100 tons: manufacturing engineering, materials management and traceability, high-precision heavy fabrication (in-house fabrication operations include cutting, press and roll forming, welding, heat treating, assembly, blasting and painting), heavy high-precision machining (in-house machining operations include CNC programming, finishing, and assembly), QC inspection including portable CMM, NonDestructive Testing, and final packaging. All manufacturing at Ranor is performed in accordance with customer requirements. Ranor is an ISO 9001:2015 certificate holder. Ranor is a US defense-centric company with over 95% of its revenue in the defense sector. Ranor is registered and compliant with ITAR. The manufacturing operations of our Stadco subsidiary are situated in an industrial self-contained multi-building complex comprised of approximately 183,000 square feet under roof in Los Angeles, California. Stadco manufactures large mission-critical components on several high-profile military aircraft, military helicopter, and military space programs. Stadco has been a critical supplier to a blue-chip customer base that includes some of the largest OEMs and prime contractors in the defense and aerospace industries. Stadco also manufactures tooling, molds, fixtures, jigs and dies used in the production of defense-centric aircraft components. Our Stadco subsidiary, similar to Ranor, provides a full range of custom solutions: manufacturing engineering, materials management and traceability, high-precision fabrication (in-house fabrication operations include waterjet cutting, press forming, welding, and assembly) and high-precision machining (in-house machining operations include CNC programming, finishing, and assembly), QC inspection including both fixed and portable CMM NonDestructive Testing, and final packaging. In addition, Stadco features a large electron beam welding cell, and two NonDestructive Testing work cells, a unique mission-critical technology set. All manufacturing at Stadco is performed in accordance with customer requirements. Stadco is an AS 9100 D and ISO 9001:2015 certificate holder and a NADCAP NonDestructive Testing certificate holder. Stadco is a US defense-centric company with over 60% of its revenue in the defense sector. Stadco is registered and compliant with ITAR. To learn more about the Company, please visit the corporate website at http://www.techprecision.com. Information on the Company's website or any other website does not constitute a part of this press release. SOURCE: TechPrecision Corporation View the original press release on ACCESS Newswire

The Company achieves gross margin expansion of 300 bps for the fiscal 2026 full year period.FY 2027 guidance - Revenue growth +10% to $35.0M-$37.0M, EBITDA growth +80% to $3.0M-$4.0M WESTMINSTER, MA / ACCESS Newswire / June 22, 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 fourth quarter and fiscal year ended March 31, 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 Monday, June 22, 2026, at 4.30 p.m. ET, to discuss our financial results for the fiscal year ended March 31, 2026. "For the fiscal year 2026, consolidated gross profit increased by 15% and our consolidated gross margin expanded by 300 basis points as the Company implemented a strategic project mix change at Stadco, resulting in reduced revenue with higher margin drop-through.," stated Alexander Shen, TechPrecision's Chief Executive Officer. "Our Ranor segment executed on a favorable project mix with improved gross margin and gross profit for fiscal 2026," stated Mr. Shen. "Stadco cost of revenue dropped by more than $1.0 million year-over-year with a strategic drive to improve customer and project mix. "As a result of strategically improved customer and project mix at both business segments, our net loss improved by more than $1.0 million year-over-year with equal EBITDA improvement," stated Alexander Shen, TechPrecision's Chief Executive Officer. "Customer confidence remains high with our funded backlog reaching $52.1 million as of March 31, 2026, with approximately $25 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 Fiscal 2027, the Company is projecting double-digit revenue growth and resulting EBITDA as we continue to execute on the strategic customer and project mix plan. 2027 Full year consolidated revenue is projected to be between $35.0 million - $37.0 million with EBITDA of $3.0 million - $4.0 million," stated Alexander Shen, TechPrecision's Chief Executive Officer. The following summary compares the three and twelve months ended March 31, 2026 to the same prior year period: Consolidated Financial Results - Fiscal 2026 Three Months Ended March 31, 2026 Consolidated Financial Results - Fiscal 2026 Twelve Months Ended March 31, 2026 Financial Position On March 31, 2026 and March 31, 2025, the Company had approximately $0.4 million and $0.2 million in cash, respectively. Working capital was negative $0.4 million on March 31, 2026 and debt totaled $6.9 million. Working capital was negative $1.6 million and total debt was $7.4 million on March 31, 2025. Negative working capital reflects required classification of all debt obligations as current due to debt covenant violations. Conference Call The Company will hold a conference call at 4:30 p.m. Eastern (U.S.) time on Monday, June 22, 2026. To participate in the live conference call, please dial 1-888-506-0062 five to 10 minutes prior to the scheduled conference call time. International callers should dial 1-973-528-0011. When prompted, reference TechPrecision and enter code 542825. A replay will be available until July 6, 2026. To access the replay, dial 1-877-481-4010 or 1-919-882-2331. When prompted, enter Conference Passcode 54132. The call will also be available over the Internet and accessible at: https://www.webcaster5.com/Webcast/Page/2198/54132. About TechPrecision Corporation TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc. and Stadco, is a custom manufacturer of precision, large-scale fabrication components and precision, large-scale machined metal structural components. The manufacturing operations of our Ranor subsidiary are situated on approximately 65 acres in North Central Massachusetts. Leveraging our 145,000 square foot facilities, Ranor provides a full range of custom solutions to transform material into precision finished welded components and precision finished machined components up to 100 tons: manufacturing engineering, materials management and traceability, high-precision heavy fabrication (in-house fabrication operations include cutting, press and roll forming, welding, heat treating, assembly, blasting and painting), heavy high-precision machining (in-house machining operations include CNC programming, finishing, and assembly), QC inspection including portable CMM, NonDestructive Testing, and final packaging. All manufacturing at Ranor is performed in accordance with customer requirements. Ranor is an ISO 9001:2015 certificate holder. Ranor is a US defense-centric company with over 95% of its revenue in the defense sector. Ranor is registered and compliant with ITAR. The manufacturing operations of our Stadco subsidiary are situated in an industrial self-contained multi-building complex comprised of approximately 183,000 square feet under roof in Los Angeles, California. Stadco manufactures large mission-critical components on several high-profile military aircraft, military helicopter, and military space programs. Stadco has been a critical supplier to a blue-chip customer base that includes some of the largest OEMs and prime contractors in the defense and aerospace industries. Stadco also manufactures tooling, molds, fixtures, jigs and dies used in the production of defense-centric aircraft components. Our Stadco subsidiary, similar to Ranor, provides a full range of custom solutions: manufacturing engineering, materials management and traceability, high-precision fabrication (in-house fabrication operations include waterjet cutting, press forming, welding, and assembly) and high-precision machining (in-house machining operations include CNC programming, finishing, and assembly), QC inspection including both fixed and portable CMM NonDestructive Testing, and final packaging. In addition, Stadco features a large electron beam welding cell, and two NonDestructive Testing work cells, a unique mission-critical technology set. All manufacturing at Stadco is performed in accordance with customer requirements. Stadco is an AS 9100 D and ISO 9001:2015 certificate holder and a NADCAP NonDestructive Testing certificate holder. Stadco is a US defense-centric company with over 95% of its revenue in the defense sector. Stadco is registered and compliant with ITAR. To learn more about the Company, please visit the corporate website at http://www.techprecision.com. Information on the Company's website or any other website does not constitute a part of this press release. Safe Harbor Statement This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements other than statements of current or historical fact contained in this press release, including statements that express our intentions, plans, objectives, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "prospects," "will," "should," "would" and similar expressions, as they relate to us, are intended to identify forward-looking statements. These statements are based on current expectations, estimates and projections made by management about our business, our industry and other conditions affecting our financial condition, results of operations or business prospects. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, the forward-looking statements due to numerous risks and uncertainties. Factors that could cause such outcomes and results to differ include, but are not limited to, risks and uncertainties arising from: our reliance on individual purchase orders, rather than long-term contracts, to generate revenue; our ability to balance the composition of our revenues and effectively control operating expenses; external factors that may be outside our control, including health emergencies, like epidemics or pandemics, the conflicts in Eastern Europe and the Middle East, price inflation, interest rate increases and supply chain inefficiencies; the availability of appropriate financing facilities impacting our operations, financial condition and/or liquidity; our ability to receive contract awards through competitive bidding processes; our ability to maintain standards to enable us to manufacture products to exacting specifications; our ability to enter new markets for our services; our reliance on a small number of customers for a significant percentage of our business; competitive pressures in the markets we serve; changes in the availability or cost of raw materials and energy for our production facilities; restrictions in our ability to operate our business due to our outstanding indebtedness; government tariffs, regulations and requirements; pricing and business development difficulties; changes in government spending on national defense; our ability to make acquisitions and successfully integrate those acquisitions with our business; our failure to maintain effective internal controls over financial reporting; general industry and market conditions and growth rates; and other risks discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). Any forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release, except as required by applicable law. Investors should evaluate any statements made by us in light of these important factors. TECHPRECISION CORPORATIONCONSOLIDATED BALANCE SHEETS TECHPRECISION CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS (unaudited TECHPRECISION CORPORATIONREVENUE, COST OF REVENUE, GROSS PROFIT BY SEGMENT (unaudited) TECHPRECISION CORPORATIONCONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) EBITDA Non-GAAP Financial Measure (unaudited) (1) Includes amortization of debt issue costs SOURCE: TechPrecision Corporation View the original press release on ACCESS Newswire

The Company achieves productivity gains for the nine month year-to-date period. WESTMINSTER, MA / ACCESS Newswire / February 17, 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 third quarter ended December 31, 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. "Our Ranor segment executed on a favorable project mix with improved gross margin and gross profit in the third quarter," stated Alexander Shen, TechPrecision's Chief Executive Officer. "Stadco revenue decreased by 10% and Stadco cost of revenue increased by 2% year-over-year due to unfavorable product mix. The decreases dropped through to gross profit, and as a result, Stadco reported an operating loss in the third quarter." "Our consolidated year-to-date results were better as the Company achieved significant productivity gains when compared to the same prior year period, as cost of revenue decreased by 12% and gross profit increase by 72%," stated Mr. Shen. "Customer confidence remains high with our backlog reaching $46.0 million as of December 31, 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 nine months ended December 31, 2025 to the same prior year period: Consolidated Financial Results - Fiscal 2026 Three Months Ended December 31, 2025 Consolidated Financial Results - Fiscal 2026 Nine Months Ended December 31, 2025 Financial Position On December 31, 2025 and March 31, 2025, the Company had approximately $0.1 million and $0.2 million in cash and cash equivalents, respectively. Working capital was negative $0.5 million on December 31, 2025 and debt totaled $6.7 million. Working capital was negative $1.6 million and total debt was $7.4 million on March 31, 2025. Negative working capital reflects required classification of all debt obligations as current due to debt covenant violations. Conference Call The Company will hold a conference call at 4:30 p.m. Eastern (U.S.) time on Tuesday, February 17, 2026. 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 TechPrecision and enter code 562435. A replay will be available until March 3, 2026. To access the replay, dial 1-877-481-4010 or 1-919-882-2331. When prompted, enter Conference Passcode 53570. The call will also be available over the Internet and accessible at: https://www.webcaster5.com/Webcast/Page/2198/53570. About TechPrecision Corporation TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc. and Stadco, is a custom manufacturer of precision, large-scale fabrication components and precision, large-scale machined metal structural components. The manufacturing operations of our Ranor subsidiary are situated on approximately 65 acres in North Central Massachusetts. Leveraging our 145,000 square foot facilities, Ranor provides a full range of custom solutions to transform material into precision finished welded components and precision finished machined components up to 100 tons: manufacturing engineering, materials management and traceability, high-precision heavy fabrication (in-house fabrication operations include cutting, press and roll forming, welding, heat treating, assembly, blasting and painting), heavy high-precision machining (in-house machining operations include CNC programming, finishing, and assembly), QC inspection including portable CMM, NonDestructive Testing, and final packaging. All manufacturing at Ranor is performed in accordance with customer requirements. Ranor is an ISO 9001:2015 certificate holder. Ranor is a US defense-centric company with over 95% of its revenue in the defense sector. Ranor is registered and compliant with ITAR. The manufacturing operations of our Stadco subsidiary are situated in an industrial self-contained multi-building complex comprised of approximately 183,000 square feet under roof in Los Angeles, California. Stadco manufactures large mission-critical components on several high-profile military aircraft, military helicopter, and military space programs. Stadco has been a critical supplier to a blue-chip customer base that includes some of the largest OEMs and prime contractors in the defense and aerospace industries. Stadco also manufactures tooling, molds, fixtures, jigs and dies used in the production of defense-centric aircraft components. Our Stadco subsidiary, similar to Ranor, provides a full range of custom solutions: manufacturing engineering, materials management and traceability, high-precision fabrication (in-house fabrication operations include waterjet cutting, press forming, welding, and assembly) and high-precision machining (in-house machining operations include CNC programming, finishing, and assembly), QC inspection including both fixed and portable CMM NonDestructive Testing, and final packaging. In addition, Stadco features a large electron beam welding cell, and two NonDestructive Testing work cells, a unique mission-critical technology set. All manufacturing at Stadco is performed in accordance with customer requirements. Stadco is an AS 9100 D and ISO 9001:2015 certificate holder and a NADCAP NonDestructive Testing certificate holder. Stadco is a US defense-centric company with over 95% of its revenue in the defense sector. Stadco is registered and compliant with ITAR. To learn more about the Company, please visit the corporate website at http://www.techprecision.com. Information on the Company's website or any other website does not constitute a part of this press release. Safe Harbor Statement This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements other than statements of current or historical fact contained in this press release, including statements that express our intentions, plans, objectives, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "prospects," "will," "should," "would" and similar expressions, as they relate to us, are intended to identify forward-looking statements. These statements are based on current expectations, estimates and projections made by management about our business, our industry and other conditions affecting our financial condition, results of operations or business prospects. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, the forward-looking statements due to numerous risks and uncertainties. Factors that could cause such outcomes and results to differ include, but are not limited to, risks and uncertainties arising from: our reliance on individual purchase orders, rather than long-term contracts, to generate revenue; our ability to balance the composition of our revenues and effectively control operating expenses; external factors that may be outside our control, including health emergencies, like epidemics or pandemics, the conflicts in Eastern Europe and the Middle East, price inflation, interest rate increases and supply chain inefficiencies; the availability of appropriate financing facilities impacting our operations, financial condition and/or liquidity; our ability to receive contract awards through competitive bidding processes; our ability to maintain standards to enable us to manufacture products to exacting specifications; our ability to enter new markets for our services; our reliance on a small number of customers for a significant percentage of our business; competitive pressures in the markets we serve; changes in the availability or cost of raw materials and energy for our production facilities; restrictions in our ability to operate our business due to our outstanding indebtedness; government tariffs, regulations and requirements; pricing and business development difficulties; changes in government spending on national defense; our ability to make acquisitions and successfully integrate those acquisitions with our business; our failure to maintain effective internal controls over financial reporting; general industry and market conditions and growth rates; and other risks discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). Any forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release, except as required by applicable law. Investors should evaluate any statements made by us in light of these important factors. TECHPRECISION CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS TECHPRECISION CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) TECHPRECISION CORPORATION REVENUE, COST OF REVENUE, GROSS PROFIT BY SEGMENT (unaudited) nm-not meaningful TECHPRECISION CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) EBITDA Non-GAAP Financial Measure SOURCE: TechPrecision Corporation View the original press release on ACCESS Newswire