KMG Chemicals (KMG) Tops Q1 EPS by 20c, Beats on Revenues

KMG Chemicals (NYSE: KMG) reported Q1 EPS of $0.83, $0.20 better than the analyst estimate of $0.63. Revenue for the quarter came in at $110.7 million versus the consensus estimate of $106.6 million.

2018 First Quarter Financial Highlights

• Sales increased 45% from the first quarter of last year to a record $110.7 million.
• GAAP diluted earnings per share was $0.46 compared to $0.47 per diluted share in the first quarter of fiscal 2017. First quarter 2018 GAAP EPS included $2.9 million in amortization expense for Flowchem intangible assets and $4.2 million in debt extinguishment expense that reduced earnings by $0.36 per diluted share.
• Adjusted diluted earnings per share1 increased to a record $0.83 compared to $0.48 per share reported in the first quarter of fiscal 2017.
• GAAP net income was $5.8 million compared to $5.7 million in last year’s first quarter.
• Adjusted EBITDA2 more than doubled to a record $27.5 million, from $12.6 million in the first quarter of fiscal 2017.
• Cash flow generated by operations was $20.5 million compared to $10.9 million in last year’s first quarter.

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

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