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Aug 01, 2020
AeroVironment Q1 2021 Earnings Report
AeroVironment's first quarter 2021 results reflected a slight revenue increase and a decrease in net income compared to the previous year.
Key Takeaways
AeroVironment reported a 1% increase in revenue, reaching $87.5 million, and diluted earnings per share of $0.42. The company's performance aligns with its fiscal year 2021 plans, despite the challenges posed by the COVID-19 pandemic.
Revenue increased by 1% to $87.5 million, driven by service revenue growth.
Diluted earnings per share were $0.42, compared to $0.71 in the previous year.
Funded backlog was $154.4 million as of August 1, 2020.
The company reaffirmed its fiscal year 2021 revenue guidance of $390 million to $410 million.
AeroVironment
AeroVironment
Forward Guidance
The Company continues to expect to generate revenue between $390 million and $410 million, operating margin of between 12% and 12.5%, and earnings per diluted share of $1.65 to $1.85 for fiscal year 2021.