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Lion Electric Company (LEV)
NYSE:LEV
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.15Last Year’s EPS
-$0.25Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -91.40%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
Lion Electric is implementing significant cost-saving measures and seeing positive developments in government programs, but faces challenges with revenue, liquidity, and production delays.Company Guidance
During Lion Electric's Q3 2024 earnings call, the company provided several key metrics and guidance as they navigate financial and operational challenges. They implemented cost reduction initiatives expected to save approximately $65 million annually and have reduced inventory by $15 million in Q3, contributing to a year-to-date reduction of $35 million. The company delivered 89 vehicles in Q3, including 71 buses and 18 trucks, and their vehicle order book stands at 1,590 vehicles, valued at about $420 million. Lion Electric aims to reduce their inventory by $50 million by the end of 2024. Despite liquidity constraints, with available liquidity of $27 million as of September 30, the company is actively seeking additional financing and working with lenders to address financial covenant relief. Additionally, they plan to start selling battery packs to third parties in 2025, while continuing to focus on maintaining a leadership position in the electric school bus market amidst evolving subsidy programs and market dynamics.Cost Reduction Initiatives
Implemented headcount reductions and other cost-saving measures expected to result in annualized savings of approximately $65 million.
Inventory Reduction Success
Achieved a $15 million inventory reduction in Q3 and a $35 million year-to-date reduction as of September 30, mostly related to raw materials.
Positive Momentum with EPA Program
Obtained $30 million in expense reimbursement payments under the EPA grant and received over 275 purchase orders related to the program.
Lion Electric Vehicle Mileage
Lion's electric vehicles have traveled over 32 million miles, demonstrating operational success and customer satisfaction.
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LEV 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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LEV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $0.57 | $0.41 | -28.07% |
| Jul 31, 2024 | $0.86 | $0.72 | -16.28% |
| May 08, 2024 | $1.04 | $0.97 | -6.73% |
| Feb 29, 2024 | $1.67 | $1.46 | -12.57% |
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 Lion Electric Company (LEV) report earnings?
Lion Electric Company (LEV) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Lion Electric Company (LEV) earnings time?
Lion Electric Company (LEV) earnings time is at Feb 20, 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 LEV EPS forecast?
LEV EPS forecast for the fiscal quarter 2024 (Q4) is -$0.15.
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