Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended January 27, 2024 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: 001-33261 AEROVIRONMENT, INC. (Exact name of registrant as specified in its charter) Delaware 95-2705790 (State or other ...

Exhibit 99.1 AeroVironment Announces Fiscal 2024 Third Quarter Results ARLINGTON, VA, March 4, 2024 — AeroVironment, Inc. ("AeroVironment" or the "Company") reported today financial results for the fiscal third quarter ended January 27, 2024. Third Quarter Highlights: ● Record third quarter revenue of $186.6 million, up 39% year-over-year ● Third quarter net income of $13.9 million and adjusted EBITDA of $28.8 million, increases of $14.6 million and $5.1 million, year-over-year, respectively ● Funded backlo ...

In its upcoming report, AeroVironment (AVAV) is predicted by Wall Street analysts to post quarterly earnings of $0.32 per share, reflecting a decline of 3% compared to the same period last year. Revenues are forecasted to be $168.72 million, representing a year-over-year increase of 25.5%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company ...

Valuable mergers and acquisitions are projected to improve economies of scale for the aerospace-defense equipment stocks. However, persistent supply-chain issues may negatively impact the operating results of the aerospace-defense equipment stocks. Nevertheless, solid air passenger demand should benefit the industry players. Going ahead, revenue passenger kilometers (RPKs) are estimated to grow 9.8% in 2024 from the 2023 level. This, in turn, bolsters the growth prospects of aerospace-defense equipment stoc ...

ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment, Inc. (NASDAQ: AVAV) will issue financial results for the company's third quarter ended January 27 after the market closes on Monday, March 4. Management will host a conference call and live audio webcast to discuss the results at 4:30 p.m. Eastern Time. Hosting the call to review results for the third quarter will be Wahid Nawabi, AeroVironment’s chairman, president and chief executive officer; Kevin P. McDonnell, senior vice president and chief financial off ...

ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment’s PS2500 battery is now approved for use in the Puma™ 3 AE unmanned aircraft system (UAS). The optional PS2500 battery allows operators to achieve extended endurance of up to three hours of flight time. The increased endurance provides operators with greater mission flexibility and time on station across land and maritime operations. “The new PS2500 battery offers both new and current Puma customers the opportunity to dramatically expand the duration of thei ...

ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment’s Tomahawk product line has been awarded a $2.67 million contract from Advanced Technology International (ATI) that will be managed by the U.S. Marine Corps Warfighting Lab (MCWL). This contract supports the Marine Corps’ Force Design 2030 and other Department of Defense (DoD) initiatives of enhancing lethality and mission success across the warfighting functions. Under the contract, AeroVironment will deliver prototype Tomahawk Grip Tab Active (Grip TA) con ...

James Rolevink AeroVironment (NASDAQ:AVAV) continues to thrive in the rapidly evolving aerospace and defense industries. The company, known for being one of the pioneers in unmanned aircraft systems (UAS) and tactical missile systems, continues to be at the forefront of an industry that has become increasingly vital to the military and commercial sectors. Aerovironment has grown dramatically compared to when I had previously written about the company. Since then, small UAS and tactical missile systems h ...

Diversifying your portfolio can help you tap into more opportunities and mitigate the risk of significant losses. While tech stocks are often favored due to their high-growth potential, these stocks can fall the hardest during an economic slowdown.Investors looking to take some risk off their portfolios while giving themselves the potential for good returns may want to consider defense stocks. These corporations have government contracts and other revenue streams less likely to falter during slowdowns. Inve ...

Outperforming the S&P 500 is the holy grail achievement for most investors. After all, who wouldn’t want to beat the benchmark that most mutual funds and ETFs fail to surpass annually? However, while we all have dreams of our stocks soaring well beyond the broader market, the reality is that it’s extremely difficult to consistently pick winners that can deliver market-trouncing returns over the long-run.Still, there are exceptional stocks with distinct competitive advantages operating in rapidly-growing ind ...