Redwire reports Q1 EPS (40c), consensus (15c)

Reports Q1 revenue $96.97M, consensus $104.65M. “We continue to see very strong demand for our differentiated products with a Book-to-Bill1 ratio of 1.92 resulting in record Backlog1 of $498.1 million,” said Peter Cannito, Chairman, Chief Executive Officer, and President of Redwire (RDW). “Critical wins like the $1.8 billion Andromeda IDIQ for advanced spacecraft, our first order for ELSA, and follow-on orders with key customers like the Marine Corps for Stalker, to name a few, underscore our belief that Redwire is strategically positioned with many pathways to success across our mission-critical offerings.”