All articles tagged with #manufacturing facilities
Rivian is preparing to upgrade its manufacturing facilities, potentially leading to improved profitability, as discussed in a recent Q&A session between Rivian management and Wall Street investors. The Motley Fool contributor Parkev Tatevosian provided an analysis of the session, with stock prices reflecting the afternoon prices of Feb. 24, 2024.
Terran Orbital, a manufacturer of small satellites, reported annual revenue of $94.2 million for 2022, more than double its 2021 total. The company's Q4 revenue grew to $31.9 million, but its adjusted EBITDA loss doubled to $26.1 million due to increased expenses. Terran Orbital's order backlog fell to $170.8 million in Q4, but its year-end backlog was for about 60 satellites, with the Rivada contract adding around 300 to that total. The company delivered 19 satellites during the fourth quarter and is expanding its manufacturing facilities to be able to make up to 250 satellites a year.
Eli Lilly is set to begin construction of two manufacturing facilities in Boone County, Indiana, this spring, with the aim of being operational by 2026 or 2027. The facilities will create at least 500 new jobs and will produce active pharmaceutical ingredients and focus on cell and gene therapy. The development is part of the Indiana Economic Development Corporation’s LEAP Lebanon Innovation and Research District in Boone County.
Diebold Nixdorf shares plunged 23% premarket after the company cited "near-term pressure on liquidity" in a lender presentation due to the adverse effects of the COVID-19 pandemic on its operations and financial results. The firm has continued to operate manufacturing facilities to fulfill existing orders and is currently procuring for 2Q given lead times, resulting in a "steady use of cash" to achieve the demand plan/production forecast. Going forward, it would like to discuss with lenders a going-concern waiver, immediate solutions to achieve temporary incremental liquidity, and long-term considerations regarding capital structure.