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Redwire Corporation (RDW)
:RDW
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.18Last Year’s EPS
-0.13Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 12, 2022
|% Change Since: 69.81%
|Next Earnings Date:Mar 31, 2022
Earnings Call Sentiment|Positive
The earnings call reflects positive momentum in Redwire's growth strategy with significant increases in pipeline opportunities and revenue growth. However, pressures on cash flow and margins indicate areas needing improvement. The successful integration of Hera Systems and advancements in the PIL-BOX platform are notable achievements, highlighting strategic growth and innovation.Company Guidance
During the Redwire Space third quarter 2024 earnings call, the company provided guidance highlighting its strategic growth initiatives and financial performance. Peter Cannito, the CEO, emphasized Redwire's focus on protecting core operations, scaling production, moving up the value chain, and leveraging venture optionality. The company reported a year-over-year revenue growth of 9.6%, reaching $68.6 million for the third quarter, and an adjusted EBITDA of $2.4 million, marking a sequential increase of 50.2% from the previous quarter. Redwire's contracted backlog grew by 30.2% year-over-year to $330.1 million, supported by a robust pipeline of $6.9 billion in identified opportunities, including $2.9 billion in year-to-date submitted proposals. The company aims to achieve its full-year revenue guidance of $310 million, representing a 27% growth over the prior year. Additionally, Redwire's recent acquisition of Hera Systems is expected to bolster its capabilities in national security space solutions and contribute to its growth trajectory.Record-Breaking Pipeline and Bids Submitted
Redwire reported a significant year-over-year increase of 306.2% in bids submitted, reaching approximately $2.9 billion year-to-date as of September 30, 2024. This reflects the company's ability to pursue larger contracts.
Revenue and EBITDA Growth
Revenues in Q3 2024 grew 9.6% year-over-year to $68.6 million, with a year-to-date 30.1% increase over 2023. Adjusted EBITDA for Q3 2024 was $2.4 million, a sequential increase of 50.2% over Q2 2024.
Strong Contracted Backlog Growth
Contracted backlog increased by 30.2% year-over-year to $330.1 million, providing confidence in sustained growth.
Successful Integration of Hera Systems
Redwire completed its 10th acquisition with Hera Systems, enhancing its portfolio and moving up the value chain in national security space solutions.
Advancements in Space Pharmaceutical Platform
Redwire's PIL-BOX system exceeded expectations, launching 28 systems to the ISS, and achieving a milestone by replicating space-grown crystal forms on Earth.
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RDW 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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RDW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $8.58 | $8.51 | -0.82% |
| Aug 07, 2024 | $5.75 | $5.16 | -10.26% |
| May 08, 2024 | $4.28 | $4.37 | +2.10% |
| Mar 14, 2024 | $3.20 | $3.35 | +4.69% |
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 Redwire Corporation (RDW) report earnings?
Redwire Corporation (RDW) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Redwire Corporation (RDW) earnings time?
Redwire Corporation (RDW) earnings time is at Mar 27, 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 RDW EPS forecast?
RDW EPS forecast for the fiscal quarter 2024 (Q4) is -0.18.
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