TechPrecision Corp
NASDAQ:TPCS
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TechPrecision Corp
NASDAQ:TPCS
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TechPrecision Corp
Techprecision Corp. engages in the business of metal fabrication and precision machining. The company is headquartered in Westminster, Massachusetts and currently employs 93 full-time employees. The company went IPO on 2007-11-01. The firm offers various services required to transform raw materials into finished products. The company sells finished products to its customers in two main industry groups: defense and precision industrial. Its finished products are used in a defense, aerospace, nuclear, and medical. Its primary business includes the business of its subsidiary, Ranor, Inc. Its operations in China are conducted through its subsidiary, Wuxi Critical Mechanical Components Co., Ltd. (WCMC). WCMC is engaged in manufacturing components for alternative energy markets in china. Its manufacturing capabilities include fabrication operations (cutting, press and roll forming, assembly, welding, heat treating, blasting and painting) and machining operations including CNC (computer numerical controlled) horizontal and vertical milling centers.
Techprecision Corp. engages in the business of metal fabrication and precision machining. The company is headquartered in Westminster, Massachusetts and currently employs 93 full-time employees. The company went IPO on 2007-11-01. The firm offers various services required to transform raw materials into finished products. The company sells finished products to its customers in two main industry groups: defense and precision industrial. Its finished products are used in a defense, aerospace, nuclear, and medical. Its primary business includes the business of its subsidiary, Ranor, Inc. Its operations in China are conducted through its subsidiary, Wuxi Critical Mechanical Components Co., Ltd. (WCMC). WCMC is engaged in manufacturing components for alternative energy markets in china. Its manufacturing capabilities include fabrication operations (cutting, press and roll forming, assembly, welding, heat treating, blasting and painting) and machining operations including CNC (computer numerical controlled) horizontal and vertical milling centers.
Revenue: Fiscal 2026 fourth-quarter revenue was $8.1 million, down 15% from $9.5 million a year ago, with both Ranor and Stadco lower.
Profitability: Q4 gross profit fell to $1.1 million, mainly because Stadco was hurt by delays in customer-furnished materials and delays tied to nonconformance reviews.
Guidance: Management issued fiscal 2027 guidance for $35 million to $37 million of revenue and $3 million to $4 million of EBITDA, a step up from fiscal 2026 EBITDA of $1.646 million.
Stadco Fix: Management said Stadco is still not fully fixed, but it is showing positive improvement as the company shifts toward repeat parts, better pricing, and newer equipment.
Backlog: Backlog stood at $52 million, plus about $25 million of unfunded purchase orders, and management expects to work through that funded backlog over the next 1 to 3 fiscal years.
Customer Support: The company said it is actively seeking customer-backed capital help and grant funding to expand capacity, especially for its defense programs.
