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Ballard Power Systems (BLDP)
NASDAQ:BLDP
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.11Same Quarter Last Year
Moderate Sell
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 7.14%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted moderate revenue growth, significant cost reductions, and strong cash reserves, with a focus on the bus market as a growth driver. However, it also noted challenges like negative gross margin, tariff impacts, and unpredictable order intake. The positive aspects slightly outweighed the negatives.Company Guidance
In the first quarter of 2025, Ballard Power Systems reported a 6% increase in revenue compared to the previous year, with engine shipments rising by 31% and a 14-point improvement in gross margin. However, the gross margin remained negative at 23%, primarily due to low revenue absorption against manufacturing overhead costs. The company achieved a 31% reduction in total operating expenses, totaling $25.5 million, alongside a 22% decrease in cash operating costs. Ballard's order backlog at the end of Q1 stood at $158 million, with $92.4 million expected over the next 12 months. The bus market contributed 81% of Q1 revenue, up 41% year-over-year. Despite a soft new order intake in Q1, following a record $75.4 million in Q4 2024, the company anticipates converting significant sales opportunities in rail, stationary, and marine markets in the coming quarters. Ballard ended Q1 with $576.7 million in cash, no debt, and capital expenditures of $2.7 million, primarily for Project Forge, representing a 64% decrease from Q1 2024. The 2025 capital expenditure guidance ranges from $15 million to $25 million, reflecting a 38% reduction at the midpoint compared to 2024.Revenue Growth
Ballard's Q1 2025 revenue increased by 6% compared to the previous year, driven by strong growth in the bus vertical, which increased by 41% year-over-year.
Engine Shipments and Gross Margin Improvement
Engine shipments were up 31%, and gross margin improved by 14 points compared to Q1 2024.
Operating Cost Reductions
Total operating expenses decreased by 31%, with specific reductions of 28% in research and product development, 32% in general and administrative, and 23% in sales and marketing expenses.
Strong Cash Position
Ballard ended Q1 with $576.7 million in cash, no debt, and no requirements for near or midterm financings, highlighting strong balance sheet management.
Bus Market Leadership
Ballard remains the market leader in supplying fuel cell engines to bus OEMs in European and North American transit bus markets.
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BLDP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLDP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 06, 2025 | $1.26 | $1.21 | -3.97% |
| Mar 13, 2025 | $1.23 | $1.28 | +4.07% |
| Nov 05, 2024 | $1.73 | $1.67 | -3.47% |
| Aug 12, 2024 | $1.93 | $1.84 | -4.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ballard Power Systems (BLDP) report earnings?
Ballard Power Systems (BLDP) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Ballard Power Systems (BLDP) earnings time?
Ballard Power Systems (BLDP) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLDP EPS forecast?
BLDP EPS forecast for the fiscal quarter 2025 (Q2) is -0.1.
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