AEVEX Corp (NYSE:AVEX) posted financial results for the third quarter after the market close on Wednesday. Here’s a rundown of the report.
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AEVEX Q3 Earnings Highlights
AEVEX, which went public in April, reported third-quarter revenue of $189.70 million, beating analyst estimates of $149.44 million. The U.S. defense technology company reported a third-quarter loss of 40 cents per share, missing estimates for positive earnings of seven cents per share, according to Benzinga Pro.
Total revenue was up 56.5% on a year-over-year basis, reflecting higher revenues in the Airborne Systems segment and the Maritime Systems segment, driven by the recent acquisition of BlackSea.
“AEVEX delivered strong third-quarter results with total revenue and Adjusted EBITDA growth, and related margin expansion,” said Roger Wells, CEO of AEVEX.
“The strength of our third-quarter performance, end market demand and the addition of BlackSea gives us the confidence to raise our full-year outlook.”
AEVEX raised its full-year 2026 revenue outlook from a range of $700 million to $720 million to a new range of $820 million to $840 million, versus estimates of $743.05 million. The company also guided for full-year adjusted EBITDA of $128 million to $132 million.
AEVEX management will discuss the quarter on an earnings call scheduled for 5 p.m. ET.
AVEX Shares Rise After Earnings
AVEX Price Action: AEVEX shares were up 10.55% in after-hours Wednesday, trading at $13.41 at the time of publication, according to Benzinga Pro.
Image: courtesy of AEVEX.