TechPrecision Corporation Reports Fiscal Year 2025 Fourth Quarter and Year End Financial Results

TechPrecision Corporation, a custom manufacturer of precision, large-scale fabrication components and precision, large-scale machined metal structural components, has released its financial results for the fourth quarter and fiscal year ended March 31, 2025. The company operates through its wholly owned subsidiaries, Ranor and Stadco, serving the defense and precision industrial markets.

Financial Highlights

For the fourth quarter of fiscal 2025, TechPrecision reported consolidated revenue of $9.5 million, a 10% increase compared to $8.6 million in the same period of fiscal 2024. The company achieved a net income of $0.1 million, or $0.01 per share, marking a significant improvement from the net loss of $5.1 million in the fourth quarter of fiscal 2024. Consolidated gross profit for the quarter was $2.1 million, a 70% increase from the previous year.

For the full fiscal year 2025, consolidated revenue was $34.0 million, an 8% increase from fiscal 2024. The company reported a net loss of $2.7 million, a notable improvement from the net loss of $7.0 million in fiscal 2024. The Ranor segment contributed positively with sustained operating profitability, while the Stadco segment showed an overall operating loss for the year but achieved profitability in the fourth quarter.

Business and Operational Highlights

TechPrecision's Ranor segment executed a favorable project mix, contributing to the company's overall profitability. The Stadco segment, despite reporting an operating loss for the year, showed signs of recovery with profitability in the fourth quarter. Customer confidence remains high, with a backlog of $48.6 million as of March 31, 2025, expected to be delivered over the next one to three fiscal years.

Strategic Initiatives and Corporate Developments

The company highlighted the absence of due diligence costs for the terminated Votaw acquisition as a significant factor in reducing SG&A expenses by 53% in the fourth quarter and 27% for the full year. Additionally, interest expense decreased by 12% in the fourth quarter due to lower amortization for revolver loan renewals.

Management's Perspective

Alexander Shen, TechPrecision’s Chief Executive Officer, emphasized the positive impacts of long-term initiatives to resecure customer confidence at both Ranor and Stadco segments. He noted the methodical execution of these initiatives as a key driver for the improved financial performance in the fourth quarter and the full fiscal year.

Future Outlook

Looking ahead, TechPrecision expects to deliver its backlog over the next one to three fiscal years with gross margin expansion. The company remains focused on maintaining customer confidence and executing its strategic initiatives to drive future growth and profitability.

SEC Filing: TECHPRECISION CORP [ TPCS ] - 8-K - Jul. 29, 2025