American Superconductor Corp
NASDAQ:AMSC
American Superconductor Corp
American Superconductor Corp. engages in provision of megawatt-scale power solutions, which improve the performance of the power grid and lower the cost of wind power. The company is headquartered in Devens, Massachusetts and currently employs 225 full-time employees. The firm operates through two segments: Grid and Wind. Through the Company's Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power. The company also provides transmission planning services. The company sells ship protection products to the United States Navy through its Grid business segment. Through the Company's Windtec Solutions, Wind business segment enables manufacturers to field wind turbines. The company supplies power electronics and control systems. The company provides a range of power electronics and software-based control systems that are highly integrated and designed for optimized performance, efficiency, and grid compatibility.
American Superconductor Corp. engages in provision of megawatt-scale power solutions, which improve the performance of the power grid and lower the cost of wind power. The company is headquartered in Devens, Massachusetts and currently employs 225 full-time employees. The firm operates through two segments: Grid and Wind. Through the Company's Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power. The company also provides transmission planning services. The company sells ship protection products to the United States Navy through its Grid business segment. Through the Company's Windtec Solutions, Wind business segment enables manufacturers to field wind turbines. The company supplies power electronics and control systems. The company provides a range of power electronics and software-based control systems that are highly integrated and designed for optimized performance, efficiency, and grid compatibility.
Revenue Beat: Q3 revenue exceeded guidance and reached $74.5 million, up over 20% year-on-year, driven by strong organic growth and the Comtrafo acquisition.
Profitability Streak: The company achieved its sixth straight quarter of profitability, with net income boosted by a significant $113.1 million tax benefit.
Strong Margins: Gross margin rose to 31%, up from 27% a year ago, marking the third consecutive quarter above 30%.
Record Backlog: 12-month backlog is over $250 million, reflecting robust demand across sectors.
Guidance Raised: Management expects Q4 revenue to exceed $80 million and net income to surpass $3 million.
Comtrafo Acquisition: The recent acquisition is expected to strengthen utility offerings and expand presence in Brazil and Latin America.
Diversified Growth: Business expanded in grid, wind, energy, renewables, military, and data center markets, with data centers accounting for about 5% of Q3 revenue.
