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Andrew DeAngelis

Research Analyst at Sidoti

Andrew DeAngelis serves as Manager of Research at Sidoti & Company, LLC, where he specializes in equity research for small- and micro-cap companies across diverse sectors. He has participated in earnings calls covering firms such as Kingstone Companies and has developed expertise in financial analysis and corporate guidance. DeAngelis began his career in research analytics and has progressed to his current role at Sidoti, where he has demonstrated strong fiscal insight and contributed to company guidance discussions. He holds credentials relevant to his analytical role, with responsibilities including direct client interaction and detailed corporate coverage.

Andrew DeAngelis's questions to M-tron Industries (MPTI) leadership

Question · Q3 2024

The analyst, speaking on behalf of Anja Soderstrom, asked about the conservatism of the full-year EBITDA guidance, the go-forward tax rate, the impact of the new administration, year-end backlog expectations, and the current M&A environment.

Answer

The company stated the EBITDA guidance range of 19-21% is accurate for the year, and the Q3 tax rate is a good proxy for future modeling. They expect continued robust defense spending regardless of the new administration. The year-end backlog is targeted at around $50 million, contingent on the timing of large orders. Regarding M&A, the environment is considered 'fully valued,' and the company is carefully looking for complementary and accretive acquisitions.

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