Every material Form 8-K INNOVATIVE SOLUTIONS & SUPPORT INC has filed with the SEC since May 14, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Innovative Solutions & Support reported fiscal third-quarter 2026 results for the period ended June 30, 2026. Net sales rose 10.7% to $26.7 million, and net income rose to $4.5 million, or $0.25 per diluted share, from $2.4 million, or $0.14, a year earlier. The company also reported that it completed its acquisition of Aydin Displays in July 2026 and expects to finish fiscal 2026 on a positive note.
Net sales were $26.7 million, up 10.7% from $24.1 million in the prior-year quarter.
Gross margin was 51.7%, up from 35.6%, and net income was $4.5 million, or $0.25 per diluted share, versus $0.14 a year earlier.
Adjusted EBITDA was $7.7 million, up from $4.4 million, and total backlog was $82.9 million as of June 30, 2026.
Net debt was $43.8 million, a net debt to trailing twelve-month Adjusted EBITDA ratio of 1.4x; the company completed the Aydin Displays acquisition in July 2026.
Innovative Solutions and Support, Inc. bought all membership interests of Sparton Aydin, LLC (Aydin Displays) from Sparton Corporation under a purchase agreement dated July 21, 2026. The company said the $24.5 million price is funded by borrowings of approximately $24.5 million under its existing J.P. Morgan Chase credit facility, which adds debt for shareholders to consider.
Purchase price of $24.5 million, subject to customary working capital, indebtedness and transaction expense adjustments
Acquisition financed by borrowings of approximately $24.5 million under the existing credit facility with J.P. Morgan Chase Bank, N.A.
Aydin is expected to generate calendar 2026 revenue of approximately $16 million, according to the press release
Seller agreed to a five-year covenant not to compete in the United States and Canada following the closing
Innovative Aerosystems reported fiscal second-quarter 2026 results for the three months ended March 31, 2026, with net sales up 2% to $22.4 million. Net income fell to $3.4 million, or $0.19 per diluted share, from $5.3 million, or $0.30, a year earlier, as operating expenses rose to $6.5 million and one-time acquisition costs were incurred. Net debt rose to $48.3 million and the leverage ratio to 1.7x from 1.4x, as the company spent over $30 million on acquisitions in the first half.
Net sales were $22.4 million, up from $21.9 million a year earlier, while F-16 revenue declined by $7 million.
Net income was $3.4 million, or $0.19 per diluted share, versus $5.3 million, or $0.30, in the prior-year quarter.
Adjusted EBITDA was $6.8 million, down from $7.7 million; net debt was $48.3 million, and the leverage ratio was 1.7x at March 31, 2026.
Backlog was approximately $87.0 million as of March 31, 2026, up $7.4 million from the prior-year period.
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