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AMSC Improves Second Quarter Business Outlook
American Superconductor American Superconductor (US:AMSC) GlobeNewswire News Room·2024-09-10 12:00

Core Viewpoint - AMSC has updated its financial guidance for the second fiscal quarter of 2024, reflecting the acquisition of NWL, with expected revenues now projected between $50 million and $55 million, significantly higher than the previous guidance of $38 million to $42 million [1][2] Financial Guidance - AMSC anticipates positive cash generation of $1.0 to $4.0 million for the second quarter of fiscal 2024, compared to the previous guidance of breakeven to a positive cash generation of $2.0 million [1] Acquisition Impact - The acquisition of NWL is expected to enhance the quality of AMSC's revenues and earnings, as well as expand its penetration in the industrial market [2] - NWL's expertise in providing power supplies for critical military systems is anticipated to strengthen AMSC's military business and broaden its customer base [2] Company Overview - AMSC specializes in megawatt-scale power resiliency solutions, including Gridtec™, Marinetec™, and Windtec® Solutions, aimed at optimizing power network reliability and efficiency [3] - The company has a global presence with operations in Asia, Australia, Europe, and North America, and focuses on enhancing the performance and reliability of power networks and military fleets [3]