-+ 0.00%
-+ 0.00%
-+ 0.00%
Redwire Stock Slips as Uneven Revenue Timing Softens Q3 Results
Share
Listen to the news

Redwire Corp (NYSE:RDW) posted financial results for the third quarter after the market close on Wednesday. Here’s a look at the key details from the print.

Redwire Q3 Key Metrics

Redwire reported third-quarter revenue of $109.04 million, missing analyst estimates of $125.48 million, according to Benzinga Pro. The company reported a third-quarter loss of six cents per share, beating estimates for a loss of 12 cents per share.

Total revenue was up 5.4% on a year-over-year basis. The company reported a record gross margin of 32.3% and a record backlog of $619.7 million. Redwire ended the quarter with total liquidity of $538.9 million.

“Although revenue timing continues to be uneven, with another quarter of record gross margins expanding from 16.3% to 32.3% year-over-year, the quality of our revenue is improving as we deliver mission-critical products and solutions across multiple domains,” said Peter Cannito, chairman, president and CEO of Redwire.

Redwire affirmed its full-year 2026 revenue outlook of $450 million to $500 million.

Redwire management will further discuss the company’s quarterly results on an earnings call at 9 a.m. ET Thursday morning.

RDW Stock Slides After the Close

Redwire shares were down 8.23% in after-hours on Wednesday, trading at $7.08 at the time of publication, according to Benzinga Pro.

Image: Shutterstock.com

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending