AeroVironment (AVAV) Tops Q1 EPS by 69c

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AeroVironment Announces Fiscal 2024 First Quarter Results

September 5, 2023 4:10 PM EDT

ARLINGTON, Va.--(BUSINESS WIRE)-- AeroVironment, Inc. (AeroVironment or the Company) reported today financial results for the fiscal first quarter ended July 29, 2023.

First Quarter Highlights:

First quarter revenue of $152.3 million, up 40% year-over-year First quarter net income of $21.9 million and Adjusted EBITDA of $37 million, an increase of 361% and 185%, respectively Record funded backlog of $539.7 million as of July 29, 2023, an increase of 27% from prior... More