VWR (VWR) Tops Q3 EPS by 7c, Beats on Revenues

VWR (NASDAQ: VWR) reported Q3 EPS of $0.54, $0.07 better than the analyst estimate of $0.47. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.18 billion.

Highlights:

• Third quarter record quarterly net sales of $1.20 billion, up 5.2% year-over-year, and up 2.2% on an organic basis.
• 3Q17 EMEA-APAC net sales increased 11.5%, up 7.4% on an organic basis. 3Q17 had one less billing day as compared to 3Q16.
• 3Q17 Americas net sales increased 1.4%, down 0.8% on an organic basis. Americas organic revenue growth was impacted by one less billing day in 3Q17 and unfavorable weather conditions impacting sales in Puerto Rico, Texas and Florida.
• GAAP diluted EPS was $0.37 in 3Q17 compared to $0.31 in 3Q16. 3Q17 quarterly Adjusted EPS of $0.54, up 22.7% compared to $0.44 in the prior year quarter.
• Nine months 2017 operating cash flow of $202.3 million, up 8.7% as compared to $186.1 million for the comparable period in 2016.

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

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