TechPrecision Corporation Surpasses Expectations in Q4 2026 with Strong Guidance for FY 2027
TechPrecision Corporation, a leading provider of precision manufacturing services, has reported a solid fourth quarter in fiscal year 2026 despite market headwinds. The company's consolidated revenue decreased by 15% to $8.1 million compared to the same period in fiscal 2025, with lower revenue at both Ranor and Stadco segments contributing to the decline.
However, Alexander Shen, Chief Executive Officer of TechPrecision Corporation, emphasized that the company is actively working with its customers to improve throughput and expand gross margins at Stadco. The company's focus on aggressive daily cash management, expense control, and capital expenditures has enabled it to maintain strategic customer confidence at both segments.
Ranor segment continues to execute and install new equipment funded by grants from U.S. Navy submarine programs-related customers. This sustained cadence of new equipment procurement, delivery, and installation will enable a reliable, robust, and resilient manufacturing capacity dedicated to submarine programs. At both Stadco and Ranor, customers have expressed strong confidence in the company's ability to deliver quality components on-time.
As a result, TechPrecision Corporation has secured new quoting opportunities in air defense and submarine defense sectors with existing customers. The company also expects to capture meaningful business awards from these same customers, adding to its strong $52 million backlog. This backlog only includes funded portions of customer purchase orders, with an additional $25 million in unfunded purchase orders.
Looking ahead, TechPrecision Corporation is projecting 2027 full-year revenue of $35 million-$37 million and EBITDA of $3 million-$4 million. The company's guidance for FY 2027 reflects its confidence in its ability to execute on existing business awards and secure new contracts.
Phillip Podgorski, Chief Financial Officer, noted that the company's consolidated cost of revenue decreased by 6% compared to the same period in fiscal 2025, while consolidated SG&A decreased by 24%. Interest expense also declined by 25%, driven by lower interest incurred on loans and debt issuance costs.
TechPrecision Corporation's Q4 2026 results demonstrate its ability to navigate market challenges and maintain a strong financial position. The company's focus on strategic customer relationships, aggressive cash management, and capital expenditures has enabled it to remain competitive in the precision manufacturing services industry.
