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Stock impact report

M-tron Industries, Inc. Appoints Cameron Pforr as Chief Financial Officer

M-tron Industries, Inc. (MPTI) 
Company Research Source: Business Wire
ORLANDO, Fla.--(BUSINESS WIRE)--M-tron Industries, Inc. (NYSE American: MPTI) ("MtronPTI" or the "Company"), a designer and manufacturer of highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits, today announced the appointment of Cameron Pforr as Chief Financial Officer, effective October 3, 2024.MtronPTI, which produces radio frequency ("RF") solutions key to our nation’s defense, continues to perform well and believes that it will meet or exceed its improved fiscal year 2024 guidance of revenues in the range of $46.0 million to $48.0 million with EBITDA in the 19% to 21% range. The Company reported second quarter results on August 14, 2024, including revenue of $11,808,000, a 16.4% increase from Q2 2023, and net income of $1,744,000, a 36.6% increase from Q2 2023. MtronPTI's strategic investments in the defense sector continue to drive momentum in defense-related sales, including:continued strength in missile programs;a Show less Read more
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