Welcome to our dedicated page for Benson Hill news (Ticker: $BHIL), a resource for investors and traders seeking the latest updates and insights on Benson Hill stock.
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Benson Hill announced a transition to a licensing model, reporting revenues of $21.1 million with improved gross profit and reduced operating expenses. The company strengthened its balance sheet, divesting processing assets, retiring high-cost debt, and expanding partnerships. Strategic milestones were achieved, focusing on innovative soybean varieties, cost-effective animal feed solutions, and talent acquisitions. Despite a decrease in reported revenues, Benson Hill's profitability improved, with a focus on high-margin contracts.
Benson Hill, Inc. has appointed Dan Cosgrove as Chief Administrative Officer and General Counsel, effective May 10, 2024. Cosgrove, a former CEO of Growers Edge, brings extensive experience in the agriculture industry and will be responsible for business development, compliance, and legal matters at Benson Hill. The company aims to leverage his expertise to drive strategic initiatives and transition to an asset-light business model.
Benson Hill, Inc. (NYSE: BHIL) conducted a feeding trial with Perdue Farms, demonstrating the benefits of using soybean meal derived from their UHP-LO soybeans in broiler diets. The results showed a significant reduction in feed costs while maintaining performance due to the higher protein and metabolizable energy in their proprietary soybean genetics. This validates years of soybean breeding efforts and showcases the potential of their innovative soybean meal option in animal feed markets.