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HEXAGON COMPOSITES (HXGCF)
:HXGCF
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
-0.35Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -3.53%
|Next Earnings Date:Aug 15, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted Hexagon Composites' strong financial performance with record EBITDA and revenue growth, driven by increased efficiencies and strategic investments in RNG and mobile pipeline sectors. Despite concerns about potential margin pressures and geopolitical uncertainties, the company's market position and future growth prospects remain robust.Company Guidance
In the Q3 2024 earnings call for Hexagon Composites, the company provided robust guidance, highlighting a record-high EBITDA driven by increased sales and operational efficiencies. The company reported NOK 1.25 billion in sales and NOK 184 million in EBITDA, achieving a 15% EBITDA margin, aligned with their target. Notably, strong demand in the RNG sector, improved operational performance, and a successful capital raise of NOK 300 million were emphasized as key contributors to their financial flexibility. Hexagon Purus, a significant part of their business, is also fully funded beyond cash-positive returns. The company expects to maintain its guidance of NOK 4.8 billion in revenues for 2024, and even increased its EBITDA guidance to NOK 560 million, citing expected margin improvements. The RNG market's growth is driving demand across all business segments, with a significant rise in RNG facilities boosting their mobile pipeline and fuel system solutions. The introduction of the X15 natural gas engine further supports market expansion, with substantial quoting activity from new fleet adopters. Hexagon expressed confidence in capturing a larger market share, projecting a tenfold market increase by 2030.Record High EBITDA
Hexagon Composites achieved a record high EBITDA of NOK 184 million in Q3, driven by increased volume and improved operational efficiencies, resulting in a 15% EBITDA margin.
Significant Contribution to CO2 Reduction
The company's solutions have contributed to reducing 1 million metric tons of CO2, equivalent to removing approximately 240,000 petrol vehicles off the road for a year.
Strong Revenue Growth
Q3 revenues reached NOK 1.25 billion, a 9% increase year-over-year, driven by high activity in the Agility truck business and mobile pipeline business.
Hexagon Purus Successfully Funded
Hexagon Purus has successfully raised capital, positioning it well beyond the cash flow breakeven stage, with expected 50% growth from last year.
Increased Capacity and Efficiencies
Production efficiency improvements resulted in a 50% increase in mobile pipeline module production, from 20 to 30 per month.
Growth in RNG Adoption
Significant orders in the RNG sector, including a major order worth USD 18 million, with 40% of new orders from new adopters of RNG.
Strong Market Position
The introduction of the X15 natural gas engine is set to triple the addressable market, with significant quoting and pilot orders from new fleets.
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HXGCF 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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HXGCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $3.68 | $4.36 | +18.48% |
| Aug 15, 2024 | $2.97 | $3.38 | +13.80% |
| May 08, 2024 | $1.74 | $1.85 | +6.32% |
| Feb 15, 2024 | $2.20 | $2.06 | -6.36% |
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 HEXAGON COMPOSITES (HXGCF) report earnings?
HEXAGON COMPOSITES (HXGCF) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is HEXAGON COMPOSITES (HXGCF) earnings time?
HEXAGON COMPOSITES (HXGCF) earnings time is at Feb 13, 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 HXGCF EPS forecast?
HXGCF EPS forecast for the fiscal quarter 2024 (Q4) is 0.02.
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