Comtech Telecom (CMTL) Tops Q2 EPS by 23c, Offers Guidance
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Comtech Telecommunications Corp. Announces Results for Its Fiscal 2021 Second Quarter and Updates Its Financial Targets for Fiscal 2021
March 11, 2021 4:02 PM ESTMELVILLE, N.Y.--(BUSINESS WIRE)-- March 11, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the second fiscal quarter ended January 31, 2021 and updated its financial targets for fiscal 2021.
Fiscal 2021 Second Quarter Highlights
Consolidated net sales of $161.3 million and Adjusted EBITDA of $18.1 million (or 11.2% of consolidated net sales) significantly exceeded Comtech's expectation for its second quarter of fiscal 2021. Adjusted EBITDA is a non-GAAP financial measure which is reconciled to the most directly comparable GAAP financial measure and is more fully defined... More