Jason Industries (JASN) Tops Q1 EPS by 6c, Beats on Revenues; Reaffirms FY17 Revenue Guidance

Jason Industries (NASDAQ: JASN) reported Q1 EPS of ($0.05), $0.06 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $175.2 million versus the consensus estimate of $170.75 million.

GUIDANCE:

Jason Industries sees FY2017 revenue of $650-670 million.

2017 Guidance:

“We are beginning to see the results of our quality, delivery, portfolio optimization and cost reduction initiatives reflected in our financial performance and the rate of new business awards received in the quarter. We continue to aggressively pursue further operational improvement opportunities while driving growth via new customers, new markets, and new products.”

For the full year 2017, Jason reaffirms guidance of net sales in the range of $650 to $670 million and Adjusted EBITDA in the range of $64 to $67 million.

For earnings history and earnings-related data on Jason Industries (JASN) click here.

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