Mesa Labs reports Q1 revenue of $60.1 million, up 1%

What happened?

1. As stated on the earnings call, total revenues were $60.1 million, 1% above the prior year period.
2. Core organic revenue growth was 0.4%, excluding a 60 basis point tailwind from currency translation, according to the earnings call.
3. Gross profit margin was 64.9%, an increase of 290 basis points, according to the earnings call.
4. Per the earnings call, adjusted operating income, excluding unusual items, totaled $15.4 million, a 19.5% increase over the previous year.
5. According to the earnings call, GAAP net income totaled $2.8 million, equal to $0.49 per diluted share, down 40.3%, with non-operating foreign currency fluctuations driving the decline.

Mesa Laboratories reported total revenues of $60.1 million for its first quarter of fiscal 2027, an increase of 1% compared to the prior year period, according to its earnings call. The company reported core organic revenue growth of 0.4% and a gross profit margin of 64.9%.

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