Sun Hydraulics (SNHY) Misses Q1 EPS by 3c, Beats on Revenues; Boosts FY18 Revenue Outlook

Sun Hydraulics (NASDAQ: SNHY) reported Q1 EPS of $0.46, $0.03 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $97.3 million versus the consensus estimate of $96.34 million.

• Sales of $97.3 million, up 20%
• Net income up 17% to $11.9 million; non-GAAP net income grew 18% to $13.6 million, impacted by supply chain constraints
• Adjusted EBITDA of $23.3 million, 24.0% of sales
• Raising 2018 revenue guidance to $490 million to $505 million, maintaining adjusted operating margin guidance of 22.7% to 24%
  • Updated guidance includes Faster Group since April 5, 2018 acquisition

GUIDANCE:

Sun Hydraulics sees Q2 2018 revenue of $490-505 million, versus the consensus of $485.53 million.

For earnings history and earnings-related data on Sun Hydraulics (SNHY) click here.

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