Revenue Growth
Benson Hill reported consolidated revenues of $473 million, a 24% year-over-year improvement, driven by a 52% revenue growth in proprietary and 18% growth in nonproprietary grain products.
Debt Reduction
The company retired its senior term loan, representing approximately $120 million in debt plus interest and fees, ending the year with approximately $49 million in cash.
Cost-Cutting Success
Benson Hill restructured its organization and reduced recurring OpEx and CapEx by more than 33%, achieving significant cost savings.
Expansion in Soy Segments
The company is on track to expand its seed portfolio from 22 to 35 varieties by 2025, leveraging its advanced soy genetics toolbox.