Frequency Electronics reported a year-over-year decline in fiscal Q3 EPS driven by higher costs and program mix shifts. The company simultaneously recorded a record backlog and announced new contract wins, which management says point to improving demand ahead. Near-term margins remain pressured by elevated costs, but the strengthened order book improves revenue visibility going forward.
Frequency Electronics reported a year-over-year decline in fiscal Q3 EPS driven by higher costs and program mix shifts. The company simultaneously recorded a record backlog and announced new contract wins, which management says point to improving demand ahead. Near-term margins remain pressured by elevated costs, but the strengthened order book improves revenue visibility going forward.
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