China XD Plastics (CXDC) Reports Q4 EPS of $0.56

China XD Plastics (NASDAQ: CXDC) reported Q4 EPS of $0.56. Revenue for the quarter came in at $377.8 million, versus $0 reported last year.

GUIDANCE:

China XD Plastics sees FY2017 revenue of $1.2-1.3 billion.

Fourth Quarter 2016 Financial Highlights

• Revenue was $377.8 million, an increase of 38.5% YoY and an increase of 13.9% sequentially
• Gross profit was $82.3 million, an increase of 58.3% YoY and an increase of 18.2% sequentially
• Gross margin of 21.8%, an increase of 270 basis points YoY and 80 basis points sequentially
• Net income was $36.7 million, an increase of 36.9% YoY and an increase of 81.7% sequentially
• EBITDA was $58.2 million, an increase of 13.7% YoY and an increase of 26.2% sequentially
• Total volume shipped was 125,525 metric tons, up 30.4% YoY and an increase of 15.5% sequentially

Full Year 2016 Financial Summary

• Revenue was $1,201.7 million, an increase of 20.3% from $999.2 million for the full year 2015
• Gross profit was $247.0 million, an increase of 36.2% from $181.4 million for the full year 2015
• Gross profit margin of 20.6%, an increase of 240 basis points from the full year 2015
• Net income was $101.6 million, an increase of 21.4% from $83.7 million for the full year 2015
• EBITDA was $194.7 million, an increase of 13.1% YoY from $172.2 million for the full year 2015
• Total volume shipped was 400,316 metric tons, up 20.5% from 332,144 metric tons for the full year 2015

For earnings history and earnings-related data on China XD Plastics (CXDC) click here.

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