ZAGG, Inc. (ZAGG) Tops Q3 EPS by 1c, Beats on Revenues; Boosts FY17 Sales & Adj. EBITDA Outlook

ZAGG, Inc. (NASDAQ: ZAGG) reported Q3 EPS of $0.34, $0.01 better than the analyst estimate of $0.33. Revenue for the quarter came in at $134.4 million versus the consensus estimate of $128.23 million.

Third Quarter Highlights (Comparisons versus third quarter 2016)

• Net sales of $134.4 million, an 8% increase compared to $124.7 million
• Gross margin of 36% compared to 35%
• Net income of $9.8 million compared to a net loss of ($7.1) million
• Adjusted EBITDA of $22.4 million compared to $17.8 million

Year-to-Date Highlights (Comparisons versus nine months 2016)

• Net sales of $342.6 million, a 19% increase compared to $286.9 million
• Gross margin of 33% compared to 34%
• Net income of $7.0 million compared to a net loss of ($11.4) million
• Adjusted EBITDA of $37.2 million compared to $33.5 million

Increases 2017 Full Year Outlook

• Net sales in the range of $500.0 million to $520.0 million, an increase from the previous guidance range of $470.0 million to $500.0 million
• Adjusted EBITDA in the range of $75.0 million to $78.0 million, an increase from the previous guidance range of $71.0 million to $75.0 million.

GUIDANCE:

ZAGG, Inc. sees FY2017 revenue of $500-520 million, versus the consensus of $493.26 million.

For earnings history and earnings-related data on ZAGG, Inc. (ZAGG) click here.

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