TechPrecision Corporation (TPCS) Q3 2026 Earnings Call Transcript

SA Transcripts158.45K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call TechPrecision Corporation (TPCS) Q3 2026 Earnings Call February 17, 2026 4:30 PM EST Company Participants Alexander Shen - CEO & DirectorPhillip Podgorski - Chief Financial Officer Conference Call Participants Brett Maas - Hayden Ir, LLCRoss Taylor Presentation Operator Greetings, and welcome to the TechPrecision Corporation Fiscal 2026 Third Quarter Financial Results. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Brett Maas, Managing Director of Hayden IR. Thank you, sir. You may begin. Brett MaasHayden Ir, LLC Thank you. On the call today is Alex Shen, Chief Executive Officer; and Phil Podgorski, Chief Financial Officer. Before we begin, I'd like to remind our listeners that management's remarks may contain forward-looking statements, which are subject to risks and uncertainties, and management may make additional forward-looking statements in response to your questions. Therefore, the company claims the protection of the safe harbor for forward-looking statements as contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ from those discussed today, and therefore, we refer you to a more detailed discussion of risks and uncertainties in the company's financial filings with the SEC. In addition, projections as to the company's future performance represent management's estimates as of today, February 17, 2026. TechPrecision assumes no obligation to revise or update these forward-looking statements. With that out of the way, I'd like to turn the call over to Alex Shen, Chief Executive Officer, to provide opening remarks. Alex? Alexander ShenCEO & Director Thank you, Brett. Good afternoon to everyone, and thank you for joining us. For the third quarter, Stadco revenue decreased and operating losses increased. This was due to four factors: one, delay in receiving customer furnished materials, which delays revenue and dropped revenue; two, unfavorable project mix; three, higher provisions for projected contract losses; and four, some, not a lot, but