Benson Hill Inc - BHIL STOCK NEWS

Benson Hill, a food tech company specializing in plant genetic diversity, will host an Investor Day on April 5, 2022, at its St. Louis headquarters. The event will include management presentations and interactive experiences to showcase the company’s strategy and capabilities. A live webcast of the presentations will start at 9:35 a.m. CT and end by 12:00 p.m. CT. A replay will be available post-event. This initiative reflects Benson Hill's mission to innovate in sustainable food solutions. More details can be found on their website.

Benson Hill reported a 29% increase in consolidated revenues to $147.2 million for 2021. Adjusted revenues, excluding divested business, rose 47%. The Ingredients segment saw a 55% revenue increase to $90.7 million, while Fresh segment revenues increased 2%. In 2022, the company projects consolidated revenues between $315 million and $350 million, driven by the proprietary soy ingredients, expecting 175% growth in the Ingredients segment. However, the net loss for the year is anticipated between $148 million and $153 million.

Benson Hill (NYSE: BHIL) announced a four-day Q&A forum for retail investors, starting March 21, 2022, through March 24, 2022. This initiative allows registered investors to submit and upvote questions for management. The top inquiries will be addressed in a live session during the company's earnings webcast on March 28, 2022, at 8:30 AM ET. Benson Hill emphasizes transparency and engagement, partnering with Say Technologies for this event. Interested parties can submit questions via the Say Connect platform or email the investors' contact.

Benson Hill has completed the first year of a carbon credit pilot program in partnership with the Ecosystem Services Market Consortium (ESMC). This initiative focuses on generating carbon credits through sustainable farming practices by Midwest soy and corn farmers. Utilizing Benson Hill's farm-to-ingredient model, the program streamlines carbon credit generation, allowing farmers to earn payments for reducing greenhouse gas emissions. The ESMC aims to enroll 500,000 acres in 2022, enhancing opportunities for farmers with multiple ecosystem credits.

Benson Hill, a food tech firm listed under the ticker BHIL, has been invited to the Credit Suisse Hidden Gems Conference on April 7, 2022, in New York City. The event aims to highlight undervalued small and midcap growth companies amidst a challenging market for new public firms. CEO Matt Crisp and incoming CFO Dean P. Freeman will attend to engage with potential investors, showcasing innovative solutions through their CropOS® platform.

Benson Hill, Inc. (NYSE: BHIL) announced preliminary 2021 revenues of $145 to $149 million, exceeding previous guidance of $127 million, driven by a strong demand in its Ingredients segment. However, the company anticipates a net loss of $126 to $130 million and an adjusted EBITDA loss between $80 and $84 million. For 2022, it expects revenues to range from $315 to $350 million, largely due to its Ingredients segment growth. While the Fresh segment is projected to improve, losses are expected to increase due to startup costs and pricing pressures.

Benson Hill, Inc. (NYSE: BHIL) has announced the appointment of Dean Freeman as the new Chief Financial Officer, effective after the filing of its 2021 Annual Report. Freeman, with nearly 30 years of finance experience, succeeds DeAnn Brunts, who is retiring but will remain on the Board of Directors. Freeman's previous roles include CEO of First Source Capital and CFO at GCP Applied Technologies. The company will release its 2021 financial results on March 28, 2022.