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Environmental Tectonics reports $3M net income in fiscal 2026 despite 77% drop from prior year, backlog grows to $61M.

Company Fundamentals
12 Jun 2026
GlobeNewsWire
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Neutral
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Environmental Tectonics Corporation reported a net income of $3.0 million for fiscal 2026, a significant 76.7% decrease from $13.1 million in fiscal 2025, mainly due to higher taxes and increased expenses. Net sales slightly declined by 0.4% to $62.7 million, with gross profit down 5.2% to $17.6 million. The company maintains a strong backlog of $61 million and recently secured $37 million in new contracts, expecting backlog to exceed $80 million in early fiscal 2027. ETC extended its credit facility maturity to 2028, supporting liquidity and future operations.

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