Frequency Electronics is converting a larger defense and satellite order book into stronger revenue and operating margins. They have new satellite, lunar, and alternative navigation contracts that should give their established timing technology more growth verticals. Their robust balance sheet also supports their expansion plans, although I think good execution will be key to keep their margins healthy.
FEI's fiscal Q1 earnings per share grows year over year, fueled by stronger satellite and defense demand. Backlog and margins improved sharply, and management reiterated its fiscal 2029 targets.
Frequency Electronics, Inc. (FEIM) Q1 2027 Earnings Call Transcript
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 6,660 | $411,388.2 | $474,192 | $62,803.8 | 15.27% |
| LN Louis Navellier NAVELLIER & ASSOCIATES Inc. | 30,095 | $1.54M | $2M | $463,747.97 | 30.15% |
| NA Nizar Araji National Bank Of Canada /FI/ | 16 | $848.24 | $1,119.68 | $271.44 | 32% |
| GVY George V. Young VILLERE ST DENIS J & Co. LLC | 11,696 | $564,942.1 | $800,181.84 | $235,239.74 | 41.64% |
| GN Gina Nelson Next Century Growth Investors LLC | 230,728 | $11.14M | $16.18M | $5.04M | 45.25% |
| Communications Equipment Industry | Information Technology Sector | Thomas McClelland CEO | NASDAQ (NMS) Exchange | 358010106 CUSIP |
| US Country | 237 Employees | 29 Aug 2024 Last Dividend | 2 Dec 1997 Last Split | 1 Sep 1983 IPO Date |
Frequency Electronics, Inc., established in 1961 and headquartered in Mitchel Field, New York, operates at the forefront of precision time and frequency control technology. Engaging in design, development, and manufacturing, the company focuses on creating sophisticated products and components for a broad range of applications, including microwave integrated circuit applications. It carries out operations through two main segments: FEI-NY and FEI-Zyfer, each offering unique technologies and solutions aimed at different markets, including satellite communications, military, secure communications, and wireline telecommunications. Marketed both directly and through a network of independent sales representatives, Frequency Electronics, Inc. has a global outreach spanning the United States, Europe, and Asia.
Under the FEI-NY segment, these products are crucial for various applications such as communication satellites and terrestrial cellular telephone stations. They also find applications in ground-based telecommunication stations and are vital components for the U.S. military. This segment further handles design and technical support for satellite-oriented businesses.
The FEI-Zyfer segment specializes in offering cutting-edge GPS technologies suitable for secure communications in both government and commercial sectors. These technologies are applicable in a wide range of locator applications, underscoring the segment's pivotal role in enhancing navigation and security.
Also within the FEI-Zyfer division, Frequency Electronics, Inc. extends its expertise to the wireline telecommunications sector with a focus on US5G solutions. This includes sales and support for products designed to elevate the reliability and performance of 5G networks, showcasing the company’s commitment to advancing telecommunications infrastructure.