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Redwire Corporation (NYSE:RDW), a $947 million market cap player in the aerospace and defense sector with a remarkable 146% return over the past year, announced the results of its 2025 Annual Meeting of Shareholders. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value assessment. The meeting, which took place on Tuesday, saw the election of Class III directors and the ratification of the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This comes as the company shows promising signs, with analysts expecting sales growth and a return to profitability this year, as reported by InvestingPro.
The shareholders elected Peter Cannito, Joanne O. Isham, and Kirk Konert as Class III directors to serve until the 2028 Annual Meeting. Votes for the directors were as follows: Cannito received 77,536,145 votes for and 2,898,427 withheld; Isham received 80,270,821 votes for and 163,751 withheld; Konert received 75,960,783 votes for and 4,473,789 withheld. There were 16,282,370 broker non-votes for each nominee.
In addition, the appointment of KPMG LLP as the company’s independent auditor was ratified with 96,047,130 votes for, 154,374 against, and 515,438 abstentions.
Shareholders also approved an amendment to the company’s Certificate of Incorporation to limit the liability of certain officers. The amendment received 75,866,600 votes for, 4,513,317 against, and 54,655 abstentions, with 16,282,370 broker non-votes.
The proposals were part of the annual meeting held on Tuesday, with a quorum constituted by the presence of holders of 96,716,942 shares of common stock and Series A preferred stock, on an as-converted basis.
The information provided in this article is based on a press release statement. For deeper insights into Redwire’s financial health, comprehensive analysis, and 10+ additional ProTips, explore the detailed Pro Research Report available on InvestingPro, which provides expert analysis on over 1,400 US stocks.
In other recent news, Redwire Corporation reported its Q1 2025 earnings, showcasing a notable performance by surpassing earnings per share (EPS) expectations. The company reported an EPS of -$0.09, significantly beating the forecasted -$0.24. However, revenue fell short, coming in at $61.39 million against an anticipated $75.85 million. Despite this revenue miss, Redwire strengthened its liquidity position, which saw a 39.2% increase, amounting to $89.2 million. The company also announced several new contracts and strategic partnerships, highlighting its continued expansion in the space and defense sectors.
In other developments, Redwire is in the process of acquiring Edge Autonomy, with expectations to close the transaction in the second quarter of 2025. This acquisition is anticipated to transform Redwire into a leader in multi-domain autonomous technology. Analyst firm ROTH Capital Partners (WA:CPAP) noted that Redwire’s guidance remains unchanged despite a challenging market environment. The company projects a combined revenue of $535-$565 million for 2025, with an adjusted EBITDA forecast of $70-$105 million.
Furthermore, Redwire’s strategic initiatives, including acquisitions and partnerships, aim to bolster its market position. The company is focusing on expanding its space and defense technology offerings and anticipates significant growth in larger mission spacecraft programs. Redwire’s executives emphasized their commitment to balancing revenue growth with profitability, reflecting their strategic transformation into a pure-play space and defense technology company.
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