China XD Plastics (CXDC) Reports Q2 EPS of $0.43 on Revenues of $313.6M; Reiterates FY17 Revenue Guidance

China XD Plastics (NASDAQ: CXDC) reported Q2 EPS of $0.43. Revenue for the quarter came in at $313.6 million, versus $0 reported last year.

• Revenue of $313.6 million
• Net Income of $28.1 million
• Reiterating Fiscal 2017 Guidance of $1.2 - $1.3 Billion in Revenue, $85.0 - $100.0 Million in Net Income

Second Quarter 2017 Financial Highlights

• Revenue was $313.6 million, an increase of 13.2% YoY
• Gross profit was $63.1 million, an increase of 4.6% YoY
• Gross margin of 20.1%, a decrease of 17 basis points YoY
• Net income was $28.1 million, a decrease of 15.6% YoY
• EBITDA was $54.7 million, a decrease of 3.0% YoY
• Total volume shipped was 104,617 metric tons, up 17.0% YoY

GUIDANCE:

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

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

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