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Jan 27, 2024
AeroVironment Q3 2024 Earnings Report
AeroVironment's Q3 2024 earnings were announced, featuring record revenue and increased net income.
Key Takeaways
AeroVironment reported a record third quarter revenue of $186.6 million, a 39% increase year-over-year, with net income rising to $13.9 million. The company raised its fiscal year 2024 revenue guidance to between $700 million and $710 million.
Record third quarter revenue of $186.6 million, up 39% year-over-year.
Net income of $13.9 million, a significant increase year-over-year.
Funded backlog reached $462.8 million as of January 27, 2024.
Raised and narrowed fiscal year 2024 revenue guidance to $700 million - $710 million.
Forward Guidance
The company now expects fiscal year 2024 revenue of between $700 million and $710 million, net income of between $51 million and $55 million, Non-GAAP adjusted EBITDA of between $122 million and $127 million, earnings per diluted share of between $1.86 and $2.00 and non-GAAP earnings per diluted share of between $2.69 and $2.83.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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