NYSE$RDW
Redwire Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Redwire's Q3 2024 financial results were reported, featuring revenue growth and strategic acquisition.
Redwire Corporation reported a 9.6% increase in revenue to $68.6 million for Q3 2024. The company's contracted backlog increased by 30.2% year-over-year to $330.1 million. However, the company experienced a net loss of $(21.0) million, which includes a loss contingency of $8.0 million related to a securities lawsuit, while adjusted EBITDA was $2.4 million.
- Revenues increased by 9.6% year-over-year to $68.6 million.
- Contracted Backlog increased by 30.2% year-over-year to $330.1 million.
- Net Loss was $(21.0) million, including a loss contingency of $8.0 million.
- Adjusted EBITDA was $2.4 million.
Headline financials
Revenue & EPS history
Redwire · Revenue · Quarterly
$68.6M
Forward guidance
Redwire affirms its forecast for full year 2024 revenues of $310 million.
Tailwinds
- Redwire continued its robust top line performance during the third quarter.
- Revenue for the nine months ended September 30, 2024 reached $234.5 million, a 30.1% improvement year-over-year.
- Positive Adjusted EBITDA was achieved during the quarter of $2.4 million.
- Bids submitted year-over-year tripled to $2.9 billion for the nine months ended September 30, 2024.
- Year-over-year improvement in backlog of 30.2% to $330.1 million.
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 Q3 2024
-3.1%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+5.7%
Avg return
30 days after
50%
10 / 20 earnings
Positive
+10.7%
Q4 2025
Best reaction
-28.7%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.7% | +19.7% | +91.3% | |
| Q4 2025 | +10.7% | +3.8% | -5.3% | |
| Q3 2025 | -18.2% | -16.0% | -12.5% | |
| Q1 2025 | -6.1% | +8.1% | +77.4% | |
| Q4 2024 | -8.6% | -5.9% | -16.8% | |
| Q3 2024 | +6.6% | +29.8% | +75.9% | |
| Q2 2024 | -16.2% | -12.5% | -6.8% | |
| Q1 2024 | +5.9% | +19.0% | +29.3% | |
| Q4 2023 | +0.9% | +15.4% | +16.3% | |
| Q3 2023 | -9.3% | -16.2% | -5.2% | |
| Q2 2023 | +0.9% | +5.0% | -4.4% | |
| Q1 2023 | -1.3% | -11.1% | -17.6% | |
| Q4 2022 | +3.4% | +12.8% | +21.9% | |
| Q3 2022 | -6.8% | -12.5% | -28.8% | |
| Q2 2022 | +3.6% | +8.2% | -6.3% | |
| Q2 2021 | -2.2% | -6.0% | -37.6% | |
| Q3 2021 | -28.7% | -25.1% | -29.0% | |
| Q4 2021 | +6.5% | -20.6% | -24.4% | |
| Q1 2021 | +0.3% | +0.2% | +0.2% | |
| Q4 2020 | +1.9% | -0.9% | -3.6% | |
| Q3 2020 | — | — | — |
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