Benson Hill Q2 Earnings Top Estimates

Benson Hill Inc BHIL reported second-quarter FY22 sales growth of 179% year-on-year, to $110.75 million, beating the consensus of $84.38 million.
Segment Revenue: Ingredients jumped 312% Y/Y to $93.5 million, and the Fresh segment rose 1% to $17.1 million.
The gross profit for the quarter was $5.6 million with a profit margin of 5%.
The operating loss for the quarter widened to $(28.9) million.
The company held $209.9 million in cash and equivalents as of June 30, 2022.
EPS loss of $(0.15) beat the analyst consensus of $(0.21).
Outlook: Benson Hill currently sees consolidated 2022 revenues of $340 million - $400 million (consensus $343.58 million).
BHIL sees FY22 Ingredients segment sales of $275 million - $325 million, above the previous guidance of $250 million - $275 million.
The company expects FY22 Fresh segment sales of $65 million - $75 million.
Price Action: BHIL shares are trading higher by 0.45% at $3.33 on the last check Monday.

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