NASDAQ$FLNC
Fluence Energy Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Fluence reported record order intake and backlog, with improved profitability and narrowed revenue guidance for fiscal year 2024.
Fluence Energy, Inc. announced its Q3 2024 results, featuring a record $1.3 billion in quarterly order intake and a record $4.5 billion backlog. The company reported revenue of $483.3 million, a net income of $1.1 million, and an adjusted EBITDA of $15.6 million. The fiscal year 2024 revenue guidance was narrowed to $2.7 billion to $2.8 billion, and the adjusted EBITDA range was narrowed to $55 million to $65 million.
- Achieved record quarterly order intake of $1.3 billion and a record backlog of $4.5 billion.
- Reported net income of $1.1 million, a significant improvement from the previous year's net loss of $35.0 million.
- Adjusted EBITDA improved to $15.6 million, compared to negative $27.5 million in the same quarter last year.
- Narrowed fiscal year 2024 revenue guidance to $2.7 billion - $2.8 billion and Adjusted EBITDA guidance to $55 million - $65 million.
Headline financials
Revenue & EPS history
Fluence · Revenue · Quarterly
$483M
Forward guidance
Fluence narrowed its fiscal year 2024 total revenue guidance range to $2.7 billion to $2.8 billion. Additionally, the Company narrowed its fiscal year 2024 Adjusted EBITDA range of $55 million to $65 million and raised its fiscal year 2024 ARR guidance to approximately $100 million.
Tailwinds
- Expect to achieve gross profit margins at the higher end of our previous 10% to 12% target range for this fiscal year.
- Strong Adjusted EBITDA result expected.
- Committed $500 million under our revolving credit facility, which provides us additional flexibility to support our industry-leading growth.
- Seeing robust demand globally, highlighted by our U.S. domestic content offering which we will begin delivering at the beginning of 2025, ahead of our competition.
- Confident in our ability to deliver on our fourth quarter customer obligations, which are projected to be the largest in the Company's history.
Headwinds
- Lowered the midpoint of our revenue guidance for fiscal 2024.
- Signed contracts for which the majority of the associated revenue is now expected to be realized in fiscal 2025.
- Actual results may differ materially depending on a number of factors.
- New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors
- Our customers may experience project delays or cancel orders as a result of external market factors and economic or other factors beyond our control.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q3 2024
+0.7%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+1.8%
Avg return
30 days after
50%
9 / 18 earnings
Positive
+39.4%
Q2 2026
Best reaction
-46.4%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +39.4% | +56.9% | +68.8% | |
| Q1 2026 | -34.6% | -34.5% | -49.0% | |
| Q4 2025 | +6.5% | +24.3% | +25.5% | |
| Q2 2025 | +7.6% | +28.2% | +4.7% | |
| Q1 2025 | -46.4% | -50.8% | -60.1% | |
| Q4 2024 | -17.5% | -18.3% | -29.9% | |
| Q3 2024 | +10.9% | +9.8% | +27.8% | |
| Q2 2024 | -9.9% | -16.4% | +7.4% | |
| Q1 2024 | +10.1% | +13.1% | -21.4% | |
| Q4 2023 | +31.4% | +3.9% | +41.7% | |
| Q3 2023 | -5.8% | -12.7% | -4.1% | |
| Q2 2023 | +8.2% | +25.3% | +30.3% | |
| Q1 2023 | +8.7% | -2.2% | -19.0% | |
| Q4 2022 | +36.7% | +25.3% | +34.3% | |
| Q3 2022 | -4.4% | -9.5% | +6.2% | |
| Q2 2022 | -23.4% | -7.0% | +13.3% | |
| Q1 2022 | -2.6% | -18.4% | -30.3% | |
| Q4 2021 | -1.7% | +2.7% | -14.0% | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — |
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