KMG Chemicals (KMG) Tops Q4 EPS by 16c, Beats on Revenues

KMG Chemicals (NYSE: KMG) reported Q4 EPS of $0.69, $0.16 better than the analyst estimate of $0.53. Revenue for the quarter came in at $96.3 million versus the consensus estimate of $96 million.

2017 Fourth Quarter Financial Highlights

• Sales increased 28% from the fourth quarter of last year to a record $96.3 million.
• GAAP diluted earnings per share was $0.43, up 39% compared to $0.31 per diluted share in the fourth quarter of fiscal 2016. GAAP EPS in 2017 was unfavorably impacted by $3.7 million in purchase price adjustments to acquired inventories, equivalent to $0.22 per diluted share.
• Adjusted diluted earnings per share1 increased to a record $0.69 compared to $0.38 per share reported in the fourth quarter of fiscal 2016.
• GAAP net income rose 43% to $5.3 million compared to $3.7 million in last year’s fourth quarter.
• Adjusted EBITDA2 grew to a record $20.6 million, up from $11.7 million in the fourth quarter of fiscal 2016.

For earnings history and earnings-related data on KMG Chemicals (KMG) click here.

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