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Ultralife Corp. (ULBI)
NASDAQ:ULBI
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.13Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -16.27%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted several positive developments such as growth in Battery & Energy Products, successful cost reduction initiatives, and the acquisition of Electrochem. However, these were counterbalanced by declines in revenue and gross profit, increased operating expenses, and supply chain challenges. The sentiment is mixed with both achievements and challenges presented.Company Guidance
During the Ultralife Corporation's Q3 2024 earnings call, the executives reported key metrics, including consolidated revenues of $35.7 million, down from $39.5 million in Q3 2023, and a gross profit of $8.7 million, representing a gross margin of 24.3%. The Battery & Energy Products segment saw sales of $32.5 million, with a notable 28.9% increase in sales to government defense customers. However, the Communications Systems segment experienced a significant 58.2% decline in revenues to $3.2 million. The company ended the quarter with a backlog of $78 million, reflecting a normalization post-COVID. Operating income was $0.5 million, translating to an earnings per share (EPS) of $0.02. Furthermore, Ultralife completed the acquisition of Electrochem, adding approximately $34 million in trailing 12-month revenue, which is expected to bolster future growth and operational synergies.Battery & Energy Products Sales Increase
Battery & Energy Products sales increased by 1.9% over the prior year's Q3, with specific growth in government defense sales by 28.9% and oil and gas market sales by 1.5%.
Material Cost Deflation Initiatives
Significant progress in material cost deflation, including favorable negotiations on lithium metal contracts and printed circuit boards, expected to save hundreds of thousands of dollars annually.
Lean Productivity and Efficiency Improvements
High-value lean events completed at multiple facilities with expected cost improvements of 2% to 3% in each area.
Electrochem Acquisition
Successful acquisition of Electrochem, a manufacturer of high-temp, high-reliability non-rechargeable lithium cells, adding approximately $34 million in revenue over the trailing 12 months.
Debt Reduction
Significant reduction in debt by $4.1 million or 33.4% during the third quarter, contributing to a 68.2% reduction over the last two quarters.
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ULBI 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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ULBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $9.28 | $7.98 | -14.01% |
| Jul 25, 2024 | $11.37 | $10.91 | -4.05% |
| Apr 25, 2024 | $8.73 | $10.71 | +22.68% |
| Feb 15, 2024 | $7.90 | $9.36 | +18.48% |
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 Ultralife Corp. (ULBI) report earnings?
Ultralife Corp. (ULBI) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Ultralife Corp. (ULBI) earnings time?
Ultralife Corp. (ULBI) earnings time is at Feb 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 ULBI EPS forecast?
ULBI EPS forecast for the fiscal quarter 2024 (Q4) is 0.13.
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