IMAX Corp. (IMAX) Tops Q1 EPS by 11c, Beats on Revenues

IMAX Corp. (NYSE: IMAX) reported Q1 EPS of $0.21, $0.11 better than the analyst estimate of $0.10. Revenue for the quarter came in at $84.38 million versus the consensus estimate of $79.3 million.

HIGHLIGHTS

• Delivered Q1 2018 net income and adjusted net income of $8.5 million and $13.4 million, respectively, compared to Q1 2017 net income and adjusted net income of $0.1 million and $3.9 million, respectively.
• Achieved Q1 2018 earnings per share and adjusted earnings per share of $0.13 and $0.21, respectively compared to $nil and $0.06, respectively in Q1 2017.
• Adjusted EBITDA per Credit Facility was $31.4 million, up 70% compared to the same period last year.
• Gross Profit of $50.7 million, resulted in gross margins of 60%, a 750-basis point increase versus Q1 2017.
• Global IMAX box office of $246.9 million helped drive total revenues to $85.0 million, up 24% from the prior year period.
• Repurchased $13.4 million of shares at an average price of $20.46 per share.
• Successfully launched IMAX with Laser, the Company\'s next-generation laser experience, bolstered by over 150 signings to date.
• Avengers: Infinity War, the first commercial film shot entirely with IMAX cameras, kicked off the summer blockbuster season, delivering a record $41.5 million in opening weekend IMAX box office.

For earnings history and earnings-related data on IMAX Corp. (IMAX) click here.

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