Hill International (HIL) Misses Q4 Views

Hill International (NYSE: HIL) reported Q4 EPS from continuing operations of ($0.08), $0.09 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $128.8 million versus the consensus estimate of $167.2 million.

Total revenue for the fourth quarter of 2016 was $128.8 million, a decrease of 14.2% from the fourth quarter of 2015. Consulting fee revenue for the fourth quarter was $100.6 million, a decrease of 18.1% from the prior year’s fourth quarter. Lower consulting fee revenue was driven primarily by declines of 34.1% and 47.0% in Hill’s Middle East and Latin America operations, respectively, partially offset by an increase of 16.9% in the U.S. operation.

Operating loss for the fourth quarter was ($3.9 million) compared to an operating profit of $2.9 million in the prior year’s fourth quarter. Net loss from continuing operations was ($4.3 million), or ($0.08) per diluted share, compared to net earnings from continuing operations of $2.1 million, or $0.04 per diluted share, during the prior year’s fourth quarter. Net loss from discontinued operations was ($10.5 million), or ($0.20) per diluted share, compared to a net loss from discontinued operations of ($3.1 million), or ($0.06) per diluted share, during the prior year’s fourth quarter. Net loss for the fourth quarter was ($14.9 million), or ($0.28) per diluted share, compared to a net loss of ($1.1 million), or ($0.02) per diluted share, in the fourth quarter of 2015. EBITDA (as defined below) for the fourth quarter was a loss of ($2.3 million) compared to EBITDA of $4.7 million in the fourth quarter of 2015.

For earnings history and earnings-related data on Hill International (HIL) click here.

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