BHIL - Earnings announcements

Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a seed innovation company, announced today that it will transfer its stock exchange listing to The Nasdaq Stock Market LLC ("Nasdaq") from the New York Stock Exchange, effective Aug. 23, 2024, after market close. The Company expects to begin trading as a Nasdaq-listed company on Aug. 26, 2024, and its common stock will continue to trade under the symbol "BHIL." "The transfer to Nasdaq will permit the Company to realize cost savings and facilitate the continued listing of our Common Stock on a national securities exchange," said Deanie Elsner, Chief Executive Officer of Benson Hill. About Benson Hill Benson Hill is a se

The Company fully retired its senior convertible debt in February 2024 after paying down approximately 50 percent in November 2023. The Company ended the year with $48.9 million in cash and marketable securities. Reported revenues increased 24 percent to $473.3 million. Reported gross profit increased $20.1 million to $23.6 million. Net loss from continuing operations, net of income taxes, was $111.3 million and $99.7 million for the years ended December 31, 2023, and 2022, respectively. Adjusted EBITDA loss improved more than 40 percent year-over-year. Management is delivering its cost-cutting goals under the expanded Liquidity Improvement Plan and accelerating progress tow

Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), an ag tech company unlocking the natural genetic diversity of plants, announced today that it will release its financial results for the full year and fourth quarter ending Dec. 31, 2023, before the market opens on Thursday, March 14, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240207953208/en/Benson Hill (BHIL) announces full year and fourth quarter 2023 earnings date (Graphic: Business Wire) The Company will host a webcast to discuss the results at 8:30 a.m. Eastern Time, including a presentation by management followed by a Q&A session. The March 14 webc

Reported revenues decreased 8 percent year-over-year to approximately $113.1 million. Proprietary revenues increased by 27 percent year-over-year. Reported gross profit was $4.1 million (gross loss of $0.2 million when excluding an approximate $4.3 million impact from open mark-to-market timing differences). The Company ended the third quarter with $86.2 million of cash, restricted cash, and marketable securities. Management improves its 2023 financial guidance. The Company expects to pay down approximately 50 percent of the senior convertible debt in November. Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a food tech company unlocking the natural genetic

Reported revenues increased 16 percent year-over-year to approximately $109 million, including a 53 percent increase in proprietary revenues. Reported gross profit was $3 million ($6.1 million when excluding an approximate $3.1 million impact from open mark-to-market timing differences). Management announced an additional expected $10 million in annualized operating cost reductions in 2024. The Company ended the second quarter with $118 million of cash restricted cash, and marketable securities. Management modifies its 2023 guidance for lower operating expenses, lower capital expenditures, and narrowing the range for consolidated gross profit. Benson Hill, Inc. (NYSE:BHIL, t

Reported revenues increased 104 percent year-over-year to approximately $135 million, including an increase of 80 percent in proprietary revenues. Reported gross profit was $9.5 million ($4.3 million when excluding an approximate $5.2 million impact from open mark-to-market timing differences). The Company improved its 2023 guidance for Adjusted EBITDA and free cash flow. Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a food tech company unlocking the natural genetic diversity of plants, today announced operating and financial results for the quarter ended March 31, 2023. This press release features multimedia. View the full release here: https://www.businesswir

Revenues increased 319 percent to $381 million, including a near doubling of proprietary revenues to $73 million. Gross profit was $3.5 million ($8.5 million when excluding an approximate $4.9 million loss from open mark-to-market timing differences). 2023 proprietary revenues are expected to grow to an estimated range of $100 million to $110 million and help drive a more than doubling of gross profit in the range of $20 million to $30 million. 2023 Adjusted EBITDA loss is expected to narrow and use of free cash is expected to increase due primarily to planned investments to enable additional, higher margin food-grade manufacturing capabilities. In 2025, management remains committe

Consolidated revenues increased 307 percent year-over-year to $130 million driven by a 429 percent increase in Ingredients segment revenues. Management raised 2022 guidance with consolidated revenues in the range of $430 million to $455 million and gross profit of $14 million to $17 million. Management has taken actions intended to fully fund the business to expected positive EBITDA and free cash flow in 2025. Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a food tech company unlocking the natural genetic diversity of plants, today announced operating and financial results for the quarter ended Sept. 30, 2022. This press release features multimedia. View the full re

Consolidated revenues increased 179 percent year-over-year to $110.7 million driven by a 312 percent increase in Ingredients segment revenues. Strategic partnership with ADM represents a significant milestone in the planned scaling of proprietary soy innovations through an asset-light licensing model. Management is assessing strategic alternatives for the Fresh business. Strong performance in the Ingredients segment raises revenue guidance for 2022. Continued rapid growth and execution of the strategic plan further enables achievement of previously stated 2025 financial targets. Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a food tech company unlocking the n

Consolidated revenues increased 191 percent to $92.4 million driven by a nearly four-fold increase in Ingredients segment revenues. Dynamic market conditions further support the expected growth of the proprietary soy ingredients portfolio. Cash and marketable securities on hand were in line with the Company's plan to fund the business into 2024.Management maintains its full-year 2022 guidance.ST. LOUIS, May 16, 2022 /PRNewswire/ -- Benson Hill, Inc. (NYSE:BHIL, the ", Company", or ", Benson Hill", ))), a food tech company unlocking the natural genetic diversity of plants, today announced operating and financial results for the quarter ended March 31, 2022.

ST. LOUIS, Jan. 4, 2022 /PRNewswire/ -- Benson Hill, Inc. (NYSE:BHIL, the ", Company", or ", Benson Hill", ))), a food tech company unlocking the natural genetic diversity of plants with its cutting-edge food innovation engine, today announced the acquisition of ZFS Creston, LLC, an established food grade white flake and soy flour manufacturing operation in southwest Iowa for approximately $102 million primarily financed through a new debt facility. The investment fulfills a final step in Benson Hill's ability to convert its proprietary soybeans into value-added soy protein ingredients for the underserved human and pet food categories.

ST. LOUIS, Nov. 15, 2021 /PRNewswire/ -- Benson Hill, Inc. (the "Company" or "Benson Hill"), a food tech company unlocking the natural genetic diversity of plants with its cutting-edge food innovation engine, today announced operating and financial results for the quarter and nine months ended September 30, 2021. "There is a sense of urgency today to move beyond the current commodity food system to meet the growing consumer demand for better food choices," said Matt Crisp, Chief Executive Officer of Benson Hill. "The team at Benson Hill embraces this challenge through a novel