Atento S.A. (ATTO) Misses Q4 EPS by 1c; Provides FY16 Outlook

Atento S.A. (NYSE: ATTO) reported Q4 EPS of $0.31, $0.01 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $457.8 million versus the consensus estimate of $451.66 million.

Fiscal 2016 Guidance

While 2016 will be a challenging growth environment, the Company believes it can outperform the market, increase its leadership position in Latin America, and remain the reference partner for the CRM/BPO needs of its clients. In addition advancing its long term strategy, the Company will focus on the optimal balance of profitable growth and liquidity, strengthening its balance sheet and maintaining financial flexibility.

For the full year Fiscal 2016, the Company is targeting revenue growth in the range of 1% to 5%, and adjusted EBITDA margin in the range of 11% to 12%, both on a constant-currency basis. Non-recurring items, which are included as add-backs in adjusted EBITDA, are expected to be approximately $15 million with roughly two-thirds expected in the first-half of the year as the Company continues to align its cost structure with prevailing market conditions. During the year the Company expects to pay down $27 million in debt and expects net interest expense in the range of $60 to $65 million. The Company expects cash capital expenditures of approximately 5% of revenue reflecting investments in both growth and maintenance, an effective tax rate of approximately 32%, and a fully diluted share count of approximately 73.8 million shares.

For earnings history and earnings-related data on Atento S.A. (ATTO) click here.

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