Core Insights - Aspen Aerogels reported revenue of $78.72 million for Q1 2025, a year-over-year decline of 16.7% and below the Zacks Consensus Estimate of $82.94 million, resulting in a surprise of -5.08% [1] - The company posted an EPS of -$0.06, compared to $0.01 a year ago, with an EPS surprise of +14.29% against a consensus estimate of -$0.07 [1] Revenue Breakdown - Energy Industrial segment revenue was $29.80 million, below the two-analyst average estimate of $36.16 million, reflecting a year-over-year increase of 2.4% [4] - Thermal Barrier segment revenue was $48.90 million, exceeding the average estimate of $45.23 million, but showing a significant year-over-year decline of 25.2% [4] Profitability Metrics - Gross profit for the Thermal Barrier segment was $11.12 million, lower than the average estimate of $14.98 million [4] - Gross profit for the Energy Industrial segment was $11.69 million, compared to the average estimate of $13.19 million [4] Stock Performance - Aspen Aerogels' shares have returned -15.5% over the past month, contrasting with the Zacks S&P 500 composite's increase of +13.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Washington, D.C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-36481 ASPEN AEROGELS, INC. (Exact name of registrant as specified in its charter) Delaware 04-3559972 (State or other jurisdict ...

Aspen Aerogels (ASPN) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Neal Baranosky - Senior Director, Head of Investor Relations & Corporate StrategyDonald Young - President & CEORicardo Rodriguez - CFO & TreasurerColin Rusch - Managing Director - Head of Sustainable Growth & Resource Optimization ResearchLeanne Hayden - Senior Associate - Equity Research Conference Call Participants David Anderson - Analyst Operator Good morning. Thank you for attending the Aspen Aerogel First Quarter ...

Aspen Aerogels (ASPN) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Good morning. Thank you for attending the Aspen Aerogel First Quarter twenty twenty five Financial Results Call. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. I would now like to turn the conference over to your host, Neil Baranowski, Aspen's Senior Director, Head of Investor Relations and Corporate Strategy. Thank you. You may proceed, Mr. Baranowski. ...

Aspen Aerogels (ASPN) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this maker of insulation products would post earnings of $0.09 per share when it actually produced earnings of $0.15, delivering a surprise of 66.67%.Over the last four quarte ...

Q1 2025 Financial Performance - Revenues decreased to $78.7 million, including $48.9 million from Thermal Barrier revenues and $29.8 million from Energy Industrial revenues, which increased by 3% year-over-year[11] - Net loss was $(301.2) million, which included a $286.6 million impairment charge for Plant II and $9.8 million of restructuring and demobilization costs[11, 12] - Adjusted EBITDA was $4.9 million[11] - Capital expenditure was reduced by 50% year-over-year to $13.0 million[11] - Operating cash flow was $5.6 million[11] - Gross margins were 29%[10] Cost Optimization and Outlook - Fixed costs were lowered by $35 million in February with a goal of further reduction to 2022 levels[9] - Q2 2025 outlook projects revenues between $70 million and $80 million and Adjusted EBITDA between $0 million and $7 million[17] - The company aims to reduce the revenue required for breakeven EBIT to $270 million[21] Market Trends and Strategy - GM and Honda accounted for approximately 16.6% of all electric vehicles sold in the United States year-to-date in 2025[31] - Global EV production is projected to increase at a 17% compound annual growth rate (CAGR) through 2030[40]

Exhibit 99.1 Aspen Aerogels, Inc. Reports First Quarter 2025 Financial Results and Recent Business Highlights For Immediate Release Delivered revenues of $78.7 million and operating cash flow of $5.6 million New PyroThin award with leading American OEM for next-gen prismatic LFP vehicle platform NORTHBOROUGH, Mass., May 8, 2025 — Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first q ...

Core Insights - Aspen Aerogels reported total revenues of $78.7 million for Q1 2025, a decrease of 17% compared to $94.5 million in Q1 2024 [2][6] - The company experienced a net loss of $301.2 million, which included a significant impairment charge of $286.6 million related to the demobilization of a planned manufacturing plant [3][21] - Adjusted EBITDA for Q1 2025 was $4.9 million, down from $12.9 million in Q1 2024 [4] Financial Performance - Revenue breakdown: Thermal Barrier segment generated $48.9 million (25% decrease YoY), while Energy Industrial segment saw $29.8 million (3% increase YoY) [6] - Gross margins were reported at 29%, reflecting an eight-percentage point decrease year-over-year [6] - Operating cash flow for the quarter was $5.6 million, with cash and equivalents at the end of the quarter totaling $192.0 million [6][24] Business Developments - Aspen secured a new PyroThin contract with a leading American OEM for a next-gen prismatic lithium iron phosphate (LFP) vehicle platform, with production expected to start in 2028 [5][6] - The company is focusing on optimizing its cost structure and fortifying its supply chain to enhance financial performance [5] Q2 2025 Financial Outlook - Revenue is projected to range between $70 million and $80 million, with a net loss expected between $11 million and $4 million [7] - Adjusted EBITDA is anticipated to be between breakeven and $7 million [7] - Capital expenditures, excluding costs related to the Statesboro plant, are expected to be less than $10 million [7]

Industry Overview - The Zacks Building Products - Miscellaneous industry is facing challenges from a weak real estate market and inflation-driven consumer uncertainty, with high mortgage rates and limited housing inventory suppressing demand [1][6] - Tariff-related cost inflation is expected to compress margins, particularly due to elevated input prices for iron, steel, and copper [1][4] Government Infrastructure Spending - Increased government infrastructure spending is providing support to companies in the industry, despite potential challenges from macroeconomic uncertainties and rising raw material costs [2][7] - The U.S. administration's focus on infrastructure modernization and climate-resilient initiatives is expected to benefit industry players [8] Trends Impacting the Industry - Tariff policies are reshaping the industry by increasing costs and disrupting supply chains, contributing to broader inflationary pressures [4] - The National Association of Home Builders estimates that tariffs have added approximately $10,900 to the cost of constructing a new home [4] - Construction input costs surged at a 9.7% annualized pace in the first quarter of 2025, driven by tariff-related pressures [4] Company Performance and Strategies - Companies like Quanex Building Products Corporation, Frontdoor, Gibraltar Industries, and Aspen Aerogels are leveraging operational excellence, geographic and product diversification, and strategic acquisitions to navigate challenges [2][9] - Quanex reported a 67.3% year-over-year increase in consolidated sales due to the acquisition of Tyman, contributing $175.7 million in revenue [22][23] - Frontdoor has seen a 15% year-over-year increase in its DTC member base, driven by effective digital marketing and brand relaunch strategies [26][27] - Gibraltar is benefiting from government investments and operational improvements, with an upward revision of 2025 earnings estimates indicating 15.8% year-over-year growth [30][31] - Aspen Aerogels achieved 90% revenue growth and $90 million in adjusted EBITDA, driven by strong demand in its PyroThin Thermal Barriers business [34][35] Industry Performance Metrics - The Zacks Building Products - Miscellaneous industry currently holds a Zacks Industry Rank of 139, placing it in the bottom 43% of over 250 Zacks industries [10][12] - The industry has underperformed the Zacks S&P 500 Composite and the broader Zacks Construction sector, losing 11.1% over the past year compared to the sector's 5.4% decrease [14] - The industry's forward 12-month price-to-earnings ratio is 15.27X, lower than the S&P 500's 20.81X and the sector's 17.33X [17]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional va ...