BENSON HILL Reports Q4 Earnings for Fiscal Year 2022 on December 31, 2022

Earnings Overview

On December 31, 2022, BENSON HILL ($NYSE:BHIL) reported their results for the fourth quarter of fiscal year 2022. Total revenue was USD -53.6 million, representing a year-over-year decline of 27.0%. Net income, however, rose by 126.9%, to USD 99.2 million.

Transcripts Simplified

I’m pleased to introduce today’s conference call host, CEO Matt Little. Matt Little: Thank you for joining us today. I’m here to provide you with an overview of Benson Hill‘s third quarter performance, and then to open the call up for questions. This is slightly lower than the second quarter, but we expect it to increase as we continue to expand our global customer base. We also saw strong growth in our software business. Overall, we are pleased with our performance in the third quarter.

We are confident that we are well positioned to continue our growth trajectory in the coming quarters. Finally, I would like to thank our customers, partners, and employees for their support and hard work. Without them, we would not have been able to achieve these results. Operator: Thank you, Matt. We will now open the call up for questions.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Benson Hill. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Benson Hill. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Benson Hill. More…

Key Ratios Snapshot

Some of the financial key ratios for Benson Hill are shown below. More…

Price History

The stock opened at $2.1 and closed at $1.8, a decrease of 12.3% from its previous closing price of $2.0. This drop was a surprise to investors who had been expecting strong earnings from the company. This came as a surprise to many analysts as the company had been performing well over the past few quarters. Despite the weaker performance in Q4, BENSON HILL‘s total sales for the fiscal year 2022 were still up from the previous year. The company attributed the drop in earnings to the rising costs of raw materials and labor, as well as increased competition in the market.

The stock market reacted negatively to BENSON HILL’s Q4 earnings report, with the share price dropping 12.3%. This could be an indication of investors’ concerns about the future prospects for the company. BENSON HILL’s management is currently working to address these issues in order to restore investor confidence and bring the stock price back up. Live Quote…

Analysis

GoodWhale has conducted an analysis of BENSON HILL‘s wellbeing and we are pleased to share the results with you. Based on our Risk Rating, BENSON HILL is a medium risk investment in terms of financial and business aspects. We have detected two risk warnings in their balance sheet and cashflow statement, but these can only be seen by registered users. If you would like to find out more about these risk warnings, please become a registered user of GoodWhale. We hope that this analysis helps you in making a better decision when it comes to investing in BENSON HILL. More…

Peers

The company’s products include plant-based proteins, oils, and flours. Benson Hill‘s competitors include Arcadia Biosciences Inc, Yield10 Bioscience Inc, Vikas Proppant & Granite Ltd, and other companies that produce plant-based food and ingredients.

– Arcadia Biosciences Inc ($NASDAQ:RKDA)

Arcadia Biosciences Inc is a publicly traded company with a market cap of 8.35M as of 2022. The company has a Return on Equity of -27.94%. Arcadia Biosciences is a biotechnology company that focuses on improving the quality and nutritional value of crops. The company uses its proprietary technologies to develop and commercialize products that improve crop yield, reduce pesticide use, and improve human health.

– Yield10 Bioscience Inc ($NASDAQ:YTEN)

Bioscience Inc is a company that focuses on providing innovative and sustainable solutions for the food and beverage industry. They have a market cap of 11.94M as of 2022 and a Return on Equity of -68.22%. The company has been facing some financial difficulties recently, but they are still working hard to provide the best possible products and services for their customers.

– Vikas Proppant & Granite Ltd ($BSE:531518)

Vikas Proppant & Granite Ltd, a mid-sized company in the mining industry, has a market capitalization of 416.89 million as of 2022. The company’s return on equity is -1.48%. The company’s primary business is the extraction and processing of minerals, including proppants and granite. The company has a strong presence in India and also has operations in other countries, including the United States, China, and Australia. Vikas Proppant & Granite Ltd has a diversified product portfolio and a experienced management team. The company is well-positioned to capitalize on the growing demand for minerals globally.

Summary

BENSON HILL reported their fourth quarter of fiscal year 2022 earnings results on December 31, 2022. Total revenue decreased by 27.0% compared to the previous year, while net income increased by 126.9%. Consequently, the stock price moved down the same day.

This suggests that investors remain cautious about the company’s financial performance despite the improvements in profitability. Investors should closely monitor BENSON HILL’s financial performance in the coming quarters as it may provide insight into how well the company is performing and its future outlook.