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Apr 30, 2021

AeroVironment Q4 2021 Earnings Report

Announced fourth quarter and full fiscal year 2021 results.

Key Takeaways

AeroVironment reported record fourth quarter revenue of $136.0 million and FY21 revenue of $394.9 million. The company closed two strategic acquisitions in the fourth quarter and a third in May 2021.

Record fourth quarter and full fiscal year revenue of $136.0 million and $394.9 million

Full fiscal year diluted EPS from continuing operations of $0.96 and non-GAAP diluted EPS from continuing operations of $2.10

Record funded backlog of $211.8 million

Closed two strategic acquisitions in the fourth quarter and a third in May 2021 that expand and enhance our product portfolio

Total Revenue
$136M
Previous year: $135M
+0.6%
EPS
$1.04
Previous year: $0.75
+38.7%
Gross Profit
$59.7M
Previous year: $53.2M
+12.2%
Cash and Equivalents
$149M
Previous year: $255M
-41.7%
Free Cash Flow
$4.78M
Previous year: $7.32M
-34.7%
Total Assets
$929M
Previous year: $585M
+58.7%

AeroVironment

AeroVironment

Forward Guidance

For fiscal year 2022 the Company continues to expect revenue of between $560 million and $580 million, net income of between $32 million and $37 million, adjusted EBITDA of between $105 million and $110 million, earnings per diluted share of between $1.31 and $1.51 and non-GAAP earnings per diluted share, which excludes acquisition-related expenses and amortization of intangible assets, of between $2.50 and $2.70.