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Jul 27, 2024
AeroVironment Q1 2025 Earnings Report
AeroVironment achieved record revenue and solid operating performance.
Key Takeaways
AeroVironment reported a record first quarter revenue of $189.5 million, a 24% increase year-over-year. Net income for the quarter was $21.2 million, with non-GAAP EPS at $0.89. The company was awarded a U.S. Army Lethal Unmanned Systems IDIQ with a contract ceiling value of $990 million.
Record first quarter revenue of $189.5 million, up 24% year-over-year.
Net income reached $21.2 million and adjusted EBITDA was $37.2 million.
Awarded U.S. Army Lethal Unmanned Systems IDIQ with a contract ceiling value of $990 million and initial funding of $128 million.
Loitering Munition Systems segment revenue increased 68% year-over-year.
Forward Guidance
For fiscal year 2025, the Company continues to expect revenue of between $790 million and $820 million, net income of between $74 million and $83 million, Non-GAAP adjusted EBITDA of between $143 million and $153 million, earnings per diluted share of between $2.61 and $2.92 and non-GAAP earnings per diluted share, which excludes amortization of intangible assets, other non-cash purchase accounting expenses and equity securities investments gains or losses, of between $3.18 and $3.49.
Positive Outlook
- Revenue is expected to be between $790 million and $820 million.
- Net income is projected to be between $74 million and $83 million.
- Non-GAAP adjusted EBITDA is anticipated to be between $143 million and $153 million.
- Earnings per diluted share are forecasted to be between $2.61 and $2.92.
- Non-GAAP earnings per diluted share are expected to be between $3.18 and $3.49.
Challenges Ahead
- Estimates are forward-looking and subject to risks and uncertainties.
- Ability to efficiently and on a timely basis integrate acquisitions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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