UPDATE: China XD Plastics (CXDC) Reports Q4 Loss of $0.31 on Revenues of $427.6M; Offers FY18 Revenue Guidance of $1.2-$1.4B

Note: EPS may not be comparable

China XD Plastics (NASDAQ: CXDC) reported Q4 EPS of ($0.31). Revenue for the quarter came in at $427.6 million.

Fourth Quarter 2017 Financial Highlights

• Revenue was $427.6 million, an increase of 13.2% YoY and an increase of 37.3% sequentially
• Gross profit was $91.5 million, an increase of 11.2% YoY and an increase of 93.4% sequentially
• Gross margin of 21.4%, a decrease of 38 basis points YoY and an increase of 621 basis points sequentially
• Net Loss was $20.5 million, compared to net income $36.7 million in the same period last year and net income of $14.1sequentially
• EBITDA was $82.9 million, an increase of 42.4% YoY and an increase of 112.6% sequentially
• Total volume shipped was 155,716 metric tons, up 24.1% YoY and an increase of 39.2% sequentially

Provides Fiscal 2018 Guidance (Excluding the Effect of Repatriation Tax)

• $1.2-$1.4 Billion in Revenue
• $90-$110 Million in Net Income

For earnings history and earnings-related data on China XD Plastics (CXDC) click here.

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