Benson Hill, Inc. - BHIL STOCK NEWS

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.

Benson Hill, Inc. (NYSE: BHIL) announced it will release its fourth quarter and full-year 2021 financial results on March 28, 2022, before market opening. In addition to the financial results, the company will provide guidance for 2022. A webcast will take place at 8:30 a.m. ET on the same day, featuring a management presentation followed by a Q&A session. The event will be accessible through Benson Hill's investor relations website.

Benson Hill, Inc. (NYSE: BHIL) has announced its acquisition of ZFS Creston, LLC for approximately $102 million, primarily funded through a new debt facility. This acquisition enables Benson Hill to convert proprietary soybeans into valuable soy protein ingredients for human and pet food markets. The Creston facility boosts production capacity for soy-based ingredients, addressing the high demand in the plant-based sector. The move is expected to enhance revenue and improve operations, contributing positively to the company's financial performance.

Benson Hill (NYSE: BHIL) announced that CEO Matt Crisp and CFO DeAnn Brunts will participate in three key industry conferences in early 2022. They will attend FARMCON on January 6 in Kansas City, MO, the ICR Conference 2022 on January 11 in Orlando, FL, and the Family Farms Group Winter Conference on February 8. Discussions will focus on innovation in agribusiness, investment strategies, sustainability, and the evolving market landscape. These engagements aim to position Benson Hill as a leader in food tech and sustainable agriculture.

Benson Hill (NYSE: BHIL) has finalized its 2021 harvest of proprietary Ultra-High Protein (UHP) soybeans, achieving significant data acquisition results that align with its 2022 commercial strategy. The harvest will support the company's ingredient portfolio targeting plant-based meat, specialty cooking oil, and other markets. Notably, over 70,000 acres were planted in 2021, with strong interest from returning and new farmers. The company anticipates substantial growth in its Ingredient segment, further bolstered by its recently acquired Indiana-based soy crushing facility.