Versum Materials (VSM) Reports In-Line Q4 EPS, Beats on Revenues; FY18 Revenues Guidance Above Consensus

Versum Materials (NYSE: VSM) reported Q4 EPS of $0.47, in-line with the analyst estimate of $0.47. Revenue for the quarter came in at $294.5 million versus the consensus estimate of $281.39 million.

Initiates Fiscal Year 2018 Financial Outlook

Fiscal Fourth Quarter and Fiscal Year 2017 Financial Highlights

• Sales of $294.5 million, up 18.6% from fourth quarter 2016 and $1,126.9 million, up 16.2% from year 2016
• Net Income of $44.6 million, margin of 15.1%, diluted EPS $0.41 for the fourth quarter and $193.0 million, margin of 17.1%, diluted EPS of $1.76 for the year
• Adjusted Net Income of $51.5 million, margin of 17.5%, diluted EPS $0.47 for the fourth quarter and $208.9 million, margin of 18.5%, diluted EPS of $1.91 for the year
• Adjusted EBITDA of $93.8 million, up 20.3% from fourth quarter 2016, margin of 31.9% and $371.6 million, up 13.7% from year 2016, margin of 33.0%

Fiscal Year 2018 Guidance

• Estimated Sales of $1,180 - $1,230 million, up 5% to 9% versus fiscal year 2017
• Estimated Adjusted EBITDA of $395 - $415 million, up 6% to 12% versus fiscal year 2017

GUIDANCE:

Versum Materials sees FY2018 revenue of $1.18-1.23 billion, versus the consensus of $1.19 billion.

For earnings history and earnings-related data on Versum Materials (VSM) click here.

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