Jason Industries (JASN) Misses Q3 EPS by 10c, Beats on Revenues

Jason Industries (NASDAQ: JASN) reported Q3 EPS of ($0.04), $0.10 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $167.3 million versus the consensus estimate of $163.1 million.

Key financial results for the first quarter 2018 versus the year ago period include:

• Net sales of $167.3 million decreased 4.5 percent and included a negative 5.3 percent impact from the divestiture and planned exit of non-core businesses and a positive 2.9 percent from foreign currency translation.
• Operating income of $7.3 million, or 4.4 percent of net sales, increased from 4.3 percent of net sales on improved operational results.
• Net loss of $0.8 million, or $0.09 diluted loss per share, increased $0.3 million and $0.04 per share. Diluted loss per share was impacted $0.04 per share by the redemption premium on the conversion of preferred stock into common stock.
• Free cash flow was $0.2 million, an increase of $0.7 million, due to higher cash flows generated by operations.

For earnings history and earnings-related data on Jason Industries (JASN) click here.

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