Redwire Reports Higher Q3 Revenue and Record Gross Margin
2 reports, 2 independent
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AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Redwire reported third-quarter revenue of $109 million, a 5.4% increase from the previous year, alongside a record gross margin of 32.3%. The company reaffirmed its full-year revenue forecast, citing a record backlog.
From tickerreport.com
Why it matters
The higher margins resulted from a shift in contract mix and over $700 million in new awards over the preceding 12 months. Growth in the space business, which saw organic revenue rise over 30%, offset a decline in defense technology sales.
From tickerreport.com
Who's involved
- RedwireAmerican public aerospace developer and manufacturer
- Chris EdmundsChief Financial Officer of Redwire
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The entities involved
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Redwire
American public aerospace developer and manufacturer
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Chris Edmunds
artist, active circa early 21st century in the United Kingdom
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