Education
About Us
Working with TipRanks
Follow Us
Hexagon Composites (HXGCF)
OTHER OTC:HXGCF
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.07Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -39.37%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with record-breaking revenue and significant achievements across various segments. However, there are concerns about the volatility in the Mobile Pipeline segment and uncertainty in the natural gas adoption timeline, which may impact the first half of 2025.Company Guidance
During the Q4 2024 presentation of Hexagon Composites, the company provided guidance for 2025 with expected revenues ranging between NOK4.9 billion to NOK5.3 billion and an EBITDA of NOK640 million to NOK740 million. The presentation highlighted record high Q4 revenues of NOK1.5 billion and an EBITDA of NOK257 million, resulting in an EBITDA margin of 17%. Hexagon enabled the avoidance of 1.84 million metric tons of CO2 equivalents in 2024, equivalent to removing approximately 430,000 regular combustion cars from the roads. The company reported a 21% year-over-year revenue growth in Q4, along with a 150% increase in EBITDA. Despite selling its LPG business for an enterprise value of over $1 billion, Hexagon maintains a strong leverage ratio of 1.5x and available liquidity of NOK1.2 billion. The guidance anticipates a soft first half in 2025 with significant growth expected in the second half driven by factors such as increased truck availability and recovery in the freight market.Record-Breaking Revenue and Growth
Hexagon Composites reported all-time high revenues of NOK1.5 billion for Q4 2024, with an EBITDA of NOK257 million, resulting in an impressive EBITDA margin of 17%.
Significant Environmental Impact
In 2024, Hexagon Composites enabled the avoidance of 1.84 million metric tons of CO2 equivalents, which is equivalent to removing around 430,000 regular combustion cars from the streets.
Strong Performance Across Business Units
All business units contributed to the outstanding results. The Mobile Pipeline segment delivered record high volumes, and the Fuel Systems business solidified its market position in North America.
Strategic Capacity Expansion
New production lines in Lincoln, Nebraska, and Rialto, California, as well as a new cylinder winding line in Salisbury, North Carolina, increased capacity by 50%, setting the company up for future growth.
Expectations for Growth in 2025
Hexagon Composites anticipates significant growth in the second half of 2025, driven by the introduction of Daimler's Freightliner trucks powered by the X15 engines, which could triple their addressable market.
---
HXGCF 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
---
HXGCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $3.15 | $2.88 | -8.57% |
| Nov 07, 2024 | $3.68 | $4.36 | +18.48% |
| Aug 15, 2024 | $2.97 | $3.38 | +13.80% |
| May 08, 2024 | $1.74 | $1.85 | +6.32% |
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.
---
FAQ
When does Hexagon Composites (HXGCF) report earnings?
Hexagon Composites (HXGCF) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Hexagon Composites (HXGCF) earnings time?
Hexagon Composites (HXGCF) earnings time is at May 07, 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 HXGCF EPS forecast?
HXGCF EPS forecast for the fiscal quarter 2025 (Q1) is -0.06.
---