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AMSC to Report Third Quarter Fiscal Year 2025 Financial Results on February 4, 2026
Globenewswire· 2026-02-03 19:30
AYER, Mass., Feb. 03, 2026 (GLOBE NEWSWIRE) -- AMSC® (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of our Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2025 financial results after the market close on Wednesday, February 4, 2026. In conjunction with this announcement, AMSC management will participate in a conference call with inve ...
AMSC Accelerates the Business, Expands Product Portfolio, and Enters Brazil with Comtrafo Acquisition
Globenewswire· 2025-12-10 21:06
Core Viewpoint - AMSC has acquired Comtrafo, a Brazilian manufacturer of utility-scale power and distribution transformers, for a total consideration of approximately US$164 million, which includes cash and restricted shares, aligning with AMSC's strategic priorities for growth and market expansion [2][3][5]. Financial Details - The acquisition cost includes R$300 million (approximately US$55 million) in cash for shares and 2,417,142 restricted shares valued at approximately US$78 million [2]. - AMSC also purchased real estate, including two factories, for approximately R$155.6 million (about US$29 million) [2]. - Comtrafo is expected to generate revenue of approximately US$55 million in calendar year 2025, with normalized gross margins around 30% and operating margins about 20% [3]. Market Position and Growth Potential - Comtrafo has a backlog of approximately US$85 million, with about US$55 million in the 12-month backlog, indicating strong future revenue potential [4]. - The acquisition is expected to enhance AMSC's grid business offerings and expand its market share in Brazil, which has a critical power infrastructure market valued at approximately US$1.5 billion [5]. - The Brazilian government has planned investments exceeding US$20 billion in the electricity grid, presenting significant growth opportunities for AMSC in the region [5]. Strategic Alignment - The acquisition aligns with AMSC's strategic goals to accelerate profitable growth, broaden product offerings, and expand market reach [3]. - Comtrafo's established position in the transformer market is expected to enhance AMSC's capabilities across the full power platform, from generation to distribution [5].
AMSC to Report Second Quarter Fiscal Year 2025 Financial Results on November 5, 2025
Globenewswire· 2025-10-31 20:33
Core Insights - AMSC plans to release its second quarter fiscal year 2025 financial results on November 5, 2025, after market close [1] - A conference call with investors and analysts will take place on November 6, 2025, at 10:00 a.m. Eastern Time to discuss recent accomplishments, financial results, and business outlook [1] Company Overview - AMSC is a leading provider of megawatt-scale power resiliency solutions, focusing on optimizing power grid performance and enhancing Navy fleet capabilities [1][3] - The company offers various solutions including Gridtec™ for grid systems, Marinetec™ for ship protection and power management, and Windtec™ for wind energy systems [3] - AMSC was founded in 1987 and is headquartered near Boston, Massachusetts, with operations across Asia, Australia, Europe, and North America [3]
AMSC to Report First Quarter Fiscal Year 2025 Financial Results on July 30, 2025
Globenewswire· 2025-07-24 20:05
Core Viewpoint - AMSC plans to release its first quarter fiscal year 2025 financial results on July 30, 2025, followed by a conference call on July 31, 2025, to discuss recent accomplishments, financial results, and business outlook [1]. Company Overview - AMSC is a leading provider of megawatt-scale power resiliency solutions, focusing on optimizing power grid performance and enhancing the capabilities of naval fleets [1][3]. - The company offers various solutions, including Gridtec™ for grid reliability, Marinetec™ for naval protection systems, and Windtec™ for wind energy efficiency [3]. - Founded in 1987, AMSC is headquartered near Boston, Massachusetts, with operations across Asia, Australia, Europe, and North America [3]. Conference Call Details - Investors can access the live conference call on July 31, 2025, by dialing 1-844-481-2802 or 1-412-317-0675, starting 15 minutes before the scheduled time [2]. - A replay of the call will be available two hours after the event by dialing 1-877-344-7529 with the conference passcode 4291224 [2]. Contact Information - AMSC's Director of Communications is Nicol Golez, reachable at 978-399-8344 or Nicol.Golez@amsc.com [5]. - Investor relations can be contacted through Carolyn Capaccio, CFA, at 212-838-3777 or amscIR@allianceadvisors.com [5].
AMSC Reports Fourth Quarter and Fiscal Year 2024 Financial Results and Business Outlook
Globenewswire· 2025-05-21 20:15
Core Insights - AMSC reported strong financial results for the fourth quarter and fiscal year ended March 31, 2025, highlighting significant revenue growth and a return to profitability [1][6]. Financial Performance - Revenues for the fourth quarter of fiscal 2024 were $66.7 million, a 59% increase from $42.0 million in the same period of fiscal 2023, driven by organic growth in New Energy Power Systems and contributions from the acquisition of NWL, Inc. [2] - For fiscal 2024, total revenues reached $222.8 million, up 53% from $145.6 million in fiscal 2023, attributed to higher D-VAR and NEPSI revenues along with NWL's contributions [4][9]. - AMSC's net income for the fourth quarter was $1.2 million, or $0.03 per share, compared to a net loss of $1.6 million, or $0.05 per share, in the same quarter of fiscal 2023 [3]. - The company's net income for fiscal 2024 was $6.0 million, or $0.16 per share, a significant recovery from a net loss of $11.1 million, or $0.37 per share, in fiscal 2023 [5]. Operational Highlights - AMSC achieved its strongest quarterly and annual performance in years, with net income surpassing $1.2 million for the fourth quarter, marking the third consecutive quarter of profitability and the seventh consecutive quarter of positive operating cash flow [6]. - The company secured $75 million in new orders, bringing total year-end orders to a record of nearly $320 million, indicating a resilient and diversified order pipeline [6]. Business Outlook - For the first quarter ending June 30, 2025, AMSC expects revenues to be in the range of $64.0 million to $68.0 million, with net income anticipated to exceed $1.0 million, or $0.03 per share [7]. - The company's non-GAAP net income for the first quarter is expected to exceed $4.0 million, or $0.10 per share [7]. Cash Position - As of March 31, 2025, AMSC reported cash, cash equivalents, and restricted cash totaling $85.4 million, reflecting a solid balance sheet [5].