Core Insights - Redwire Corporation reported a significant revenue increase of 50.7% year-over-year, reaching $103.4 million in Q3 2025 [1][4] - The company achieved a Gross Margin of 16.3% and an Adjusted Gross Margin of 27.1% during the same period [1][4] - The Book-to-Bill ratio improved to 1.25, with a Contracted Backlog of $355.6 million as of Q3 2025 [1][4][3] Financial Performance - Revenues for Q3 2025 were $103.4 million, compared to $68.6 million in Q3 2024 [4] - Net Loss increased to $(41.2) million in Q3 2025 from $(21.0) million in Q3 2024 [4] - Adjusted EBITDA decreased to $(2.6) million in Q3 2025 from $2.4 million in Q3 2024 [4] - Free Cash Flow for Q3 2025 was $(27.8) million, compared to $(20.5) million in Q3 2024 [4] Operational Highlights - The company launched 14 PIL-BOXes to the ISS in collaboration with Bristol Myers Squibb, Butler University, and Purdue University [2] - Redwire secured a contract to develop Roll-Out Solar Arrays for Axiom Space's first commercial space station module [1][3] - Deliveries included Stalker systems for the U.S. Army and Penguin systems for the Ukrainian Armed Forces [1] Strategic Outlook - The acquisition of Edge Autonomy is expected to enhance Redwire's technical, operational, and financial positioning [3][7] - The company forecasts full-year revenues of $320 million to $340 million for 2025, influenced by delays due to the U.S. government shutdown [6] - Positive demand signals are anticipated from both the U.S. and Europe for various products and solutions [3][7]

Core Insights - Alstom reported strong commercial performance in Q1 2025/26, with orders exceeding €4 billion and a positive outlook for future sales driven by North American momentum and projects in Germany [4][11]. Group Performance - Orders received in Q1 2025/26 amounted to €4.1 billion, an increase of 11.8% compared to €3.645 billion in the same period last year, with organic growth at 13.6% [3][6]. - Sales reached €4.5 billion, reflecting a 2.8% increase year-over-year, with organic sales growth of 7.2% [9][11]. Backlog and Future Visibility - As of June 30, 2025, Alstom's backlog stood at €92.3 billion, indicating strong visibility for future sales [2]. Geographic and Product Breakdown - Europe accounted for 85% of total order intake, with significant contracts including €1.7 billion for additional RER NG trainsets in France and €720 million for Coradia Stream trains in Bulgaria [7][8]. - In terms of sales, Rolling Stock generated €2.416 billion, up 3% reported and 5% organic, while Services reported stable sales of €1.070 billion [9][10]. Key Projects and Deliveries - Alstom delivered key milestones across various regions, including the first metro train for Grand Paris Express and the first Innovia automated people mover in the U.S. [12].