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Aspen Aerogels (ASPN)
NYSE:ASPN
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.08Last Year’s EPS
-$0.01Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -28.53%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
Aspen Aerogels' Q3 2024 earnings call reflected strong financial performance and growth in revenue and EBITDA, driven by strategic expansions and new OEM awards. However, challenges in the Energy Industrial segment and uncertainties in the EV market were also highlighted. Overall, the positive financial results and strategic advancements outweigh the noted challenges.Company Guidance
During the Aspen Aerogels Q3 2024 earnings call, the company provided updated guidance for the year, forecasting an increase in revenue to $450 million and adjusted EBITDA to $90 million. This revision marks a $100 million increase in revenue guidance and a $6 million increase in adjusted EBITDA from their initial 2024 outlook. The company's financial performance in Q3 was strong, with a 93% year-over-year revenue growth to $117.3 million and a gross profit margin of 42%. Aspen highlighted the growth of their PyroThin Thermal Barrier business, driven largely by the electric vehicle (EV) sector, which accounted for $90.6 million in revenue. The energy industrial segment, despite a temporary downturn due to a planned turnaround at their external manufacturing facility, is poised for a strong Q4. The company also emphasized their strategic initiatives, including the conversion of their East Providence plant and the transition to an external manufacturing facility, alongside securing a conditional commitment from the DOE for a $670 million loan to fund their Statesboro plant, expected to significantly boost revenue capacity.Revenue and Adjusted EBITDA Growth
Aspen Aerogels raised its 2024 revenue outlook to $450 million and adjusted EBITDA to $90 million, marking a $100 million increase in revenue guidance and a $6 million increase in adjusted EBITDA.
Expansion and New OEM Awards
Aspen announced a new OEM award to supply thermal barriers to Mercedes-Benz, which is expected to begin production in 2027.
Strong Financial Performance
Gross profit margins expanded to over 40%, with an expected EBITDA margin of 25% and gross margin of at least 35% at full capacity utilization.
DOE Loan and Financial Flexibility
Aspen received a conditional commitment from the DOE for a $670 million loan for the Statesboro aerogel manufacturing plant, enhancing financial flexibility.
R&D Grant from DOE
Aspen received a $7.3 million R&D grant from the DOE to advance its aerogel technology platform in battery materials.
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ASPN 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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ASPN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $16.86 | $16.77 | -0.53% |
| Aug 07, 2024 | $18.50 | $21.46 | +16.00% |
| May 01, 2024 | $15.22 | $23.85 | +56.70% |
| Feb 12, 2024 | $12.40 | $14.33 | +15.56% |
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 Aspen Aerogels (ASPN) report earnings?
Aspen Aerogels (ASPN) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Aspen Aerogels (ASPN) earnings time?
Aspen Aerogels (ASPN) earnings time is at Feb 13, 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 ASPN EPS forecast?
ASPN EPS forecast for the fiscal quarter 2024 (Q4) is $0.08.
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