Versum Materials (VSM) Tops Q2 EPS by 7c, Beats on Revenues; Boosts FY18 Revenue Outlook Above Consensus

Versum Materials (NYSE: VSM) reported Q2 EPS of $0.59, $0.07 better than the analyst estimate of $0.52. Revenue for the quarter came in at $340.7 million versus the consensus estimate of $308.8 million.

Fiscal Second Quarter 2018 Financial Highlights Versus Second Quarter 2017

• Sales of $340.7 million, up 26% with robust growth across both segments
• Net Income of $61.6 million or diluted EPS of $0.56
• Adjusted EBITDA of $109.9 million, up 26%
• Adjusted Net Income of $64.7 million, up 35%
• Adjusted diluted EPS of $0.59, up 34%
• Successful SAP Go-Live April 1
• Increases Fiscal Year 2018 Guidance

Raising Fiscal Year 2018 Guidance

• Estimated Sales of $1,320 - $1,360 million, up 17% to 21% versus fiscal year 2017
• Estimated Adjusted EBITDA of $425 - $445 million, up 14% to 20% versus fiscal year 2017

GUIDANCE:

Versum Materials sees FY2018 revenue of $1.32-1.36 million, versus the consensus of $1.28 million.

For earnings history and earnings-related data on Versum Materials (VSM) click here.

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