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Benson Hill (BHIL)
NASDAQ:BHIL
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$2.19Last Year’s EPS
-$7Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -60.27%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented significant achievements such as revenue growth, debt reduction, and cost-cutting success, positioning the company for future opportunities. However, challenges remain with goodwill impairment, expected revenue decline in 2024 due to asset divestitures, and concerns over cash burn. The company is in a transition phase, focusing on leveraging its technology and strategic partnerships.Company Guidance
During the Benson Hill Q4 2023 earnings call, management provided a comprehensive update on the company's strategic initiatives and financial performance metrics. The company reported consolidated revenues of $473 million for 2023, marking a 24% year-over-year improvement, with proprietary grain products growing by 52% and nonproprietary grain products by 18%. Gross profit reached $23 million, more than tripling the prior year's figure, while adjusted EBITDA showed a loss of $48 million, improved by over 40% from the previous year. The company successfully reduced recurring operating expenses (OpEx) and capital expenditures (CapEx) by more than 33% and ended the year with approximately $49 million in cash. Looking ahead to 2024, Benson Hill aims to transition to an asset-light business model, focusing on strategic partnerships and licensing deals. While revenues are expected to decline due to recent asset divestitures, the company anticipates enhancing earnings quality and reducing cash burn. Key performance areas for 2024 include transitioning from the legacy business model, improving operating margins, securing partnerships, optimizing capital structure, and expanding its intellectual property and technology pipeline.Revenue Growth
Benson Hill reported consolidated revenues of $473 million, a 24% year-over-year improvement, driven by a 52% revenue growth in proprietary and 18% growth in nonproprietary grain products.
Debt Reduction
The company retired its senior term loan, representing approximately $120 million in debt plus interest and fees, ending the year with approximately $49 million in cash.
Cost-Cutting Success
Benson Hill restructured its organization and reduced recurring OpEx and CapEx by more than 33%, achieving significant cost savings.
Expansion in Soy Segments
The company is on track to expand its seed portfolio from 22 to 35 varieties by 2025, leveraging its advanced soy genetics toolbox.
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BHIL 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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BHIL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $6.77 | $6.45 | -4.73% |
| Aug 08, 2024 | $6.42 | $6.51 | +1.40% |
| May 09, 2024 | $7.00 | $7.15 | +2.14% |
| Mar 14, 2024 | $7.13 | $6.79 | -4.77% |
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 Benson Hill (BHIL) report earnings?
Benson Hill (BHIL) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Benson Hill (BHIL) earnings time?
Benson Hill (BHIL) earnings time is at Mar 12, 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 BHIL EPS forecast?
BHIL EPS forecast for the fiscal quarter 2024 (Q4) is -$2.19.
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