Core-Mark Holding (CORE) Tops Q4 EPS by 4c, Reaffirms Guidance

Core-Mark Holding (NASDAQ: CORE) reported Q4 EPS of $0.33, $0.04 better than the analyst estimate of $0.29. Revenue for the quarter came in at $4.1 billion versus the consensus estimate of $4.1 billion.

2018 Full Year Guidance

The Company reiterated its net sales, Diluted EPS and Adjusted EBITDA guidance for the full year of 2018 which it previously provided on January 5, 2018. Annual net sales for 2018 are expected to be between $16.6 billion and $16.8 billion. Adjusted EBITDA is expected to be between $157.0 million and $167.0 million. Diluted EPS for the full year is expected to be between $0.84 and $1.00. Diluted EPS, excluding LIFO expense, is expected to be between $1.13 and $1.29. Key assumptions remain unchanged and include $18.0 million of LIFO expense, a 25% tax rate based on preliminary assessment of the TCJA and 46.4 million fully diluted shares outstanding. In addition, these projections include cigarette inventory holding gains, but do not include any other significant holding gains.Capital expenditures for 2018 are expected to be approximately $30 million.

For earnings history and earnings-related data on Core-Mark Holding (CORE) click here.

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