The Company fully retired its senior convertible debt in February 2024 after paying down approximately 50 percent in November 2023. The Company ended the year with $48.9 million in cash and marketable securities. Reported revenues increased 24 percent to $473.3 million. Reported gross profit increased $20.1 million to $23.6 million. Net loss from continuing operations, net of income taxes, was $111.3 million and $99.7... Read More

Company fully retires high-interest, senior convertible debt earlier than planned. Company sells Creston, Iowa, processing business for gross proceeds of $72 million 1 to White River Soy Processing, strengthening its balance sheet. Management reiterates focus on seed innovations backed by competitively advantaged technology.... Read More

Life sciences veteran Susan Keefe appointed CFO effective March 29, 2024 ST. LOUIS / Feb 14, 2024 / Business Wire / Benson Hill , Inc. (NYSE: BHIL), an ag tech company unlocking the natural genetic diversity of plants, today announced that Susan Keefe has been appointed Chief Financial Officer, effective March 29, 2024. Keefe succeeds Dean Freeman, who is leaving the company to pursue other opportunities. Freeman will... Read More

ST. LOUIS / Feb 07, 2024 / Business Wire / Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), an ag tech company unlocking the natural genetic diversity of plants, announced today that it will release its financial results for the full year and fourth quarter ending Dec. 31, 2023, before the market opens on Thursday, March 14, 2024. The Company will host a webcast to discuss the results at 8:30 a.m. Eastern... Read More

ONTARIO, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Heritage Grocers Group (“Heritage” or “HGG”), one of the leading Hispanic food retailers in the country, is pleased to announce it has named DeAnn Brunts as a member of its Board of Directors, effective immediately. With more than 30 years of executive experience in operational, strategic and financial management, Ms. Brunts is a seasoned expert in risk management and... Read More

Company takes major steps in its objective to recommoditize soybeans for animal feed & food. Results from 2023 harvest of pre-commercial proprietary soybeans set to launch in 2024 demonstrate a year-over-year 45% reduction in yield drag while maintaining industry-leading protein levels. Company now expects to increase yields... Read More

Reported revenues decreased 8 percent year-over-year to approximately $113.1 million. Proprietary revenues increased by 27 percent year-over-year. Reported gross profit was $4.1 million (gross loss of $0.2 million when excluding an approximate $4.3 million impact from open mark-to-market timing differences). The Company ended the third quarter with $86.2 million of cash, restricted cash, and marketable securities. Management... Read More

Expanded Liquidity Improvement Plan includes planned divestitures of processing facilities to enable an asset-light business model Management has already secured nearly 50% of the cash needed to retire senior term debt Commercially available proprietary soybean varieties and a future innovation pipeline give Benson Hill a first-mover advantage in animal feed and pet food Deanie Elsner appointed permanent Chief Executive... Read More

Proceeds will deliver on a pillar of the Company’s Liquidity Improvement Plan ST. LOUIS / Oct 31, 2023 / Business Wire / Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, today announced that it has transferred ownership of its Seymour, Ind.,... Read More

The Company intends to cure the deficiency and return to compliance with NYSE listing standards. ST. LOUIS / Sep 15, 2023 / Business Wire / Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, today announced that on Sept. 13, 2023, it received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) notifying the Company that it... Read More

ST. LOUIS / Aug 10, 2023 / Business Wire / Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, announced today the appointment of Kimberly (Kim) Hurst as its Chief Transformation Officer. This newly created role underscores Benson Hill’s commitment to execute its long-term strategic playbook with a focus on operations, commercial and... Read More

Reported revenues increased 16 percent year-over-year to approximately $109 million, including a 53 percent increase in proprietary revenues. Reported gross profit was $3 million ($6.1 million when excluding an approximate $3.1 million impact from open mark-to-market timing differences). Management announced an additional expected $10 million in annualized operating cost reductions in 2024. The Company ended the second... Read More

ST. LOUIS / Jul 18, 2023 / Business Wire / Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, announced today that it will release its financial results for the second quarter ending June 30, 2023, before the market opens on Wednesday, Aug. 9, 2023. The Company will host a webcast to discuss the results at 8:30 a.m. Eastern Time, including a... Read More

Company continues to advance ESG goals as it scales sales of its proprietary and sustainable ingredients to the food and agriculture industry ST. LOUIS / Jun 29, 2023 / Business Wire / Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, today... Read More

Agriculture Industry Executive Brings Nearly Three Decades of Experience to Benson Hill Board ST. LOUIS / Jun 16, 2023 / Business Wire / Benson Hill, Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, today announced that it has appointed Richard Mack as an Independent Director to the Company’s Board of Directors, effective immediately. Mr. Mack will... Read More

Adrienne “Deanie” Elsner Appointed Interim Chief Executive Officer, Effective Immediately Matt Crisp Resigning as Chief Executive Officer ST. LOUIS / Jun 16, 2023 / Business Wire / Benson Hill, Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, today announced that Adrienne “Deanie” Elsner has been appointed Interim Chief Executive Officer of the Company.... Read More

Reported revenues increased 104 percent year-over-year to approximately $135 million, including an increase of 80 percent in proprietary revenues. Reported gross profit was $9.5 million ($4.3 million when excluding an approximate $5.2 million impact from open mark-to-market timing differences). The Company improved its 2023 guidance for Adjusted EBITDA and free cash flow. ST. LOUIS / May 10, 2023 / Business Wire / Benson... Read More

ST. LOUIS / Apr 12, 2023 / Business Wire / Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, announced today that it will release its financial results for the first quarter ending March 31, 2023, before the market opens on Wednesday, May 10, 2023. The Company will host a webcast to discuss the results at 8:30 a.m. Eastern Time, including a... Read More

Company unpacks deep R&D product pipeline with its CropOS ® technology platform to meet growing demand for plant-based protein and oil products. ADM plans to launch a portfolio of ADM soy ingredient products co-branded with and powered by Benson Hill technology in the second quarter of 2023. Company expects to open new market opportunities for its Ultra High Protein varieties through a commercial license agreement with... Read More

Revenues increased 319 percent to $381 million, including a near doubling of proprietary revenues to $73 million. Gross profit was $3.5 million ($8.5 million when excluding an approximate $4.9 million loss from open mark-to-market timing differences). 2023 proprietary revenues are expected to grow to an estimated range of $100 million to $110 million and help drive a more than doubling of gross profit in the range of $20... Read More

Management expects continued strong demand in 2023 for its proprietary soy portfolio Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, today announced preliminary, unaudited 2022 financial results. 2022 Preliminary Unaudited Results from Continuing Operations 1 (Dollar Amounts in Millions USD) Reported (Excludes Fresh Segment) Impact of... Read More

Companies collaborate to advance BioMar’s responsible sourcing program Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, and Denmark-based BioMar , a global leader in sustainable aquaculture feed solutions, today announced a strategic... Read More

Company is one of the first U.S.-based ingredient providers to verify its sustainable practices under rigorous global standard Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, announced today that it became one of the first U.S.-based ingredient providers to achieve the international ProTerra Certification , a rigorous global standard that... Read More

Benson Hill’s world-class scientists discover new mechanism for CRISPR technology that detects RNA A groundbreaking research study by a team that included scientists from Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), has been published this month in Nature, the world’s leading multidisciplinary journal, highlighting a new mechanism for Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)... Read More

Divestiture enables the Company to enhance focus on its Ingredients business and meet growing demand for its proprietary soybean product portfolio. Management maintains 2022 guidance for the Ingredients Segment and consolidated adjusted EBITDA and free cash flow. Proceeds from the sale are expected to supplement the Company’s plans to fully fund the business. Management maintains its 2025 outlook for the Ingredients Segment... Read More

Consolidated revenues increased 307 percent year-over-year to $130 million driven by a 429 percent increase in Ingredients segment revenues. Management raised 2022 guidance with consolidated revenues in the range of $430 million to $455 million and gross profit of $14 million to $17 million. Management has taken actions intended to fully fund the business to expected positive EBITDA and free cash flow in 2025. Benson Hill ,... Read More

Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, today announced that Matt Crisp, Chief Executive Officer, and Dean Freeman, Chief Financial Officer, will attend two upcoming investor conferences. The first event is the Roth Capital 2 nd Annual Ag Tech Answers Conference at the 1 Hotel Central Park in New York on Nov. 15, 2022. The... Read More

Benson Hill , Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, announced today that it will release its financial results for the third quarter for the period ending Sept. 30, 2022, before the market opens on Thursday, Nov. 10, 2022. The Company will host... Read More