By Kelly Cloonan

Shares of Frequency Electronics climbed after the company's backlog grew in its latest quarter, a trend it expects to continue going forward.

The stock rose 34% to $48.35 on Friday, on pace for its new all-time closing high. Shares have more than doubled this year.

The Mitchel Field, N.Y., company, which develops timing and frequency-generation products for space and terrestrial applications, said late Thursday that its backlog was about $82 million at the end of the quarter, compared with $70 million at the end of April.

The results were boosted by customers moving forward with contracts after several delays during the fiscal first quarter, Chief Executive Tom McClelland said. The company still experienced some delays in the quarter due to the government shutdown, but it expects any impact to reverse in the fiscal third and fourth quarters, McClelland said.

In the coming months, the company expects multiple awards, including some that are as large or larger than its biggest contracts, in its core technologies, McClelland said.

"The evidence suggests that this core business will continue to grow for the foreseeable future, well beyond the next few quarters," he said.

In the fiscal second quarter, the company posted a profit of $1.8 million, or 18 cents a share, compared with $2.65 million, or 28 cents a share, a year earlier.

Revenue rose to $17.1 million from $15.8 million in the prior year.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

December 12, 2025 13:31 ET (18:31 GMT)

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