NASDAQ$AVAV

AeroVironment Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

AeroVironment reported record fourth quarter and full year revenue.

AeroVironment's Q4 2020 results showed record revenue of $135.2 million, a 54% increase year-over-year, and diluted earnings per share of $0.73, up by 47 cents year-over-year. The company also achieved a record funded backlog of $208.1 million.

  • Record fourth quarter revenue of $135.2 million, a 54% increase year-over-year.
  • Diluted earnings per share from continuing operations increased to $0.73, up by 47 cents year-over-year.
  • Non-GAAP diluted earnings per share from continuing operations increased to $0.75, up by 49 cents year-over-year.
  • Record funded backlog of $208.1 million.

Headline financials

Total Revenue

$135M

Previous: $87.9M+53.8%
EPS (adj)

$0.75

Previous: $0.26+188.5%
Capital Expenditures

$2.72M

Previous: $2.09M+30.0%
Free Cash Flow

$7.32M

No prior period
Net Income

$17.5M

Previous: $5.68M+207.9%
Operating Income

$21.3M

Previous: $5.14M+314.1%
Gross Profit

$53.2M

Previous: $37M+43.6%
Cash & Equivalents

$255M

Previous: $173M+47.7%
Total Assets

$585M

Previous: $509M+15.0%
Stock-Based Comp

$1.48M

Previous: $1.39M+6.5%

Revenue & EPS history

AeroVironment · Revenue · Quarterly

$135M

Q4 2020+53.8%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

For fiscal year 2021, AeroVironment expects revenue between $390 million and $410 million, operating margin between 12% and 12.5%, and earnings per diluted share between $1.65 and $1.85. Non-GAAP earnings per diluted share are expected to be between $1.74 and $1.94.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+0.4%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+3.7%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+29.8%

Q3 2024

Best reaction

-23.1%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-6.2%-4.4%-18.9%
Q2 2026-12.9%-16.4%+29.7%
Q1 2026+6.9%+8.7%+69.8%
Q4 2025+0.0%-2.8%+35.3%
Q3 2025-4.4%-13.1%-21.3%
Q2 2025-14.2%-16.9%-16.6%
Q1 2025-4.4%-5.9%+8.2%
Q4 2024-7.7%-8.8%-9.8%
Q3 2024+29.8%+29.1%+14.1%
Q2 2024-9.5%-11.0%-14.0%
Q1 2024+17.3%+15.7%+8.1%
Q4 2023+4.9%+13.3%+4.4%
Q3 2023+2.3%+1.4%+14.0%
Q2 2023-7.1%-7.4%-7.1%
Q1 2023+16.1%+14.0%-12.4%
Q4 2022-5.9%+3.7%+3.0%
Q3 2022+2.0%+3.9%+29.6%
Q2 2022-23.1%-21.1%-21.1%
Q1 2022-10.7%-11.6%-15.7%
Q4 2021-9.5%-11.8%-9.0%
Q3 2021+5.9%+18.7%+12.2%
Q2 2021-3.1%-8.0%-0.4%
Q1 2021-6.6%-6.4%+3.1%
Q4 2020+3.2%+10.7%+11.5%
Q3 2020+8.1%+12.6%-1.0%
Q2 2020-3.9%-2.0%-1.2%
Q1 2020+7.4%+10.9%+5.6%
Q4 2019-9.6%-8.2%-12.2%
Q3 2019+9.1%+2.2%-11.5%
Q2 2019-16.6%-22.6%-26.5%
Q1 2019+13.7%+20.7%+16.1%
Q4 2018+14.4%+22.6%+29.1%
Q3 2018-14.2%-5.7%-7.8%
Q2 2018+23.8%+26.5%+21.9%
Q1 2018+19.1%+25.8%+37.3%
Q4 2017+13.4%+23.3%+21.6%
Q3 2017+5.8%+4.8%+6.6%
Q2 2017-3.4%+1.0%-8.2%
Q1 2017-17.1%-16.8%-18.9%
Q4 2016-6.1%-1.5%+0.0%
Q3 2016+5.8%
Q2 2016+13.2%
Q1 2016-11.6%
Q4 2015+11.6%
Q3 2015-8.8%
Q2 2015-5.8%
Q1 2015-8.2%
Q4 2014+11.1%
Q3 2014+25.4%
Q2 2014+8.4%
Q1 2014-3.0%
Q4 2013+3.6%
Q3 2013-10.4%
Q2 2013+14.2%
Q1 2013-5.6%
Q4 2010+2.0%
Q4 2012+2.6%
Q3 2011-2.9%
Q3 2012-6.1%
Q2 2011-2.4%
Q2 2012-1.3%
Q4 2011-6.9%
Q1 2011-6.9%
Q1 2012-0.5%
Q3 2010+3.7%

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