M-Tron Industries Inc. announced its financial results for the first quarter of 2025, reporting a 13.8% increase in revenues to $12.7 million, up from $11.2 million in the same period of 2024. The growth was primarily driven by strong demand for defense product shipments. Net income rose to $1.6 million, or $0.56 per diluted share, compared to $1.5 million, or $0.53 per diluted share, in the first quarter of 2024. The company also reported a slight decrease in gross margin, which was 42.5% in the first quarter of 2025 compared to 42.7% in the previous year. This was due to higher manufacturing costs associated with the initial production runs of several new products and the impact of newly initiated federal tariffs on imports. M-Tron's backlog increased significantly, reaching $55.5 million as of March 31, 2025, up from $46.1 million a year earlier, reflecting several large orders received during the quarter. The company also successfully completed the distribution of a previously announced dividend of warrants, emphasizing its commitment to enhancing stockholder value.
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