Mesa Labs Q1 revenue up 1.0%, operating income up 129%, net income down 40.3%
Mesa Laboratories reported results for the quarter ended June 30, 2026, its fiscal first quarter of 2027. Revenue rose 1.0% to $60.1 million and operating income rose 129% to $7.0 million, but net income fell 40.3% to $2.8 million, or $0.49 per diluted share, because of nonoperating expense compared with nonoperating income in the prior-year period. Full-year guidance is due in November with first-half results.
Key points
- Revenue was $60.1 million, up 1.0%; core organic revenue growth was 0.4%.
- Operating income rose 129% to $7.0 million; net income fell 40.3% to $2.8 million, or $0.49 per diluted share.
- Adjusted operating income excluding unusual items rose 19.5% to $15.4 million, or 25.6% of revenue.
- The company repaid $8.7 million of debt and reported a Total Net Leverage Ratio of 1.85, below its 2.0 target.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
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