Travelport Worldwide (TVPT) Tops Q4 EPS by 12c, Beats on Revenues; Offers FY18 EPS Mid-Point Guidance Below Consensus, FY18 Revenue Outlook Above Consensus

Note: EPS may not be comparabe

Travelport Worldwide (NYSE: TVPT) reported Q4 EPS of $0.35, $0.12 better than the analyst estimate of $0.23. Revenue for the quarter came in at $573 million versus the consensus estimate of $566.92 million.

Highlights (for full year 2017 unless stated otherwise)

• Net revenue increased 4% to $2,447 million, including Travel Commerce Platform revenue growth of 5% to $2,341 million
• Net income increased $125 million to $140 million; Adjusted EBITDA increased 3% to $590 million
• Income per share (diluted) increased $1.00 to $1.13; Adjusted Income per Share (diluted) increased 17% to $1.44
• Net cash provided by operating activities increased 6% to $318 million; Free Cash Flow increased 4% to $200 million
• Fourth quarter net revenue increased 5%; net income increased $54 million; and Adjusted EBITDA increased 6%
• 2018 guidance issued, including net revenue growth expected to be 4% to 6%, Adjusted EBITDA growth (1)% to 3% and Free Cash Flow growth 5% to 15%

GUIDANCE:

Travelport Worldwide sees FY2018 EPS of $1.34-$1.46, versus the consensus of $1.44. Travelport Worldwide sees FY2018 revenue of $2.535-2.585 billion, versus the consensus of $2.53 billion.

For earnings history and earnings-related data on Travelport Worldwide (TVPT) click here.

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