AMSC reports Q3 adjusted EPS (27c), consensus (25c)

Reports Q3 revenue $23.9M, consensus $23.99M. "During our Q3 of FY22, we achieved progress on our strategic priority of a more diversified business. We believe we are well positioned to not only take advantage in the renewables, but also in semiconductor, mining and materials, and defense markets," said CEO Daniel McGahn. "We booked $43M of total orders, including $26M of new energy power systems orders. We secured our fifth ship protection system for the amphibious ship platform LPD-32 and ended our Q3 with a backlog of over $110M. Our pipeline of prospective orders, driven mainly by macro-trends such as climate and environmental policies, is diversified and expected to position us for future growth."