AeroVironment Beats Estimates and Expands Production With Record $1.5B Backlog
AeroVironment reported adjusted EPS of $0.59 and adjusted EBITDA of $53.39 million, both beating analyst estimates, and reconfirmed full-year revenue guidance of $2.18 billion. The company also reaffirmed full-year adjusted EPS of $3.18 and guided EBITDA to $315 million. Operating margin improved to -2.3%, while investments expanded manufacturing capacity, including a $100 million innovation center, and funded backlog rose to a record $1.5 billion.