Versum Materials (VSM) Tops Q3 EPS by 2c, Revenues Beat; Offers FY18 Revenue Guidance

Versum Materials (NYSE: VSM) reported Q3 EPS of $0.63, $0.02 better than the analyst estimate of $0.61. Revenue for the quarter came in at $350 billion versus the consensus estimate of $339.96 billion.

• Sales of $350 million, up 20%
• Net Income of $63.3 million, or diluted EPS of $0.58, up 20%
• Adjusted EBITDA of $116.8 million, up 20%
• Adjusted Net Income of $68.9 million, up 22%
• Adjusted diluted EPS of $0.63, up 21%

Guillermo Novo, Versum Materials' President and Chief Executive Officer said “We are pleased to report record revenue and earnings for our fiscal third quarter. Our diverse product portfolio again delivered twenty percent year-on-year top line growth and sequential margin improvement."

"Our end markets remain resilient and we continue to develop exciting technology and investment opportunities which we believe will produce above market growth and continued margin expansion in the coming years. Having completed the final steps of our separation from Air Products, our entire team is now focused on driving profitable future growth."

GUIDANCE:

Versum Materials sees Q4 2018 revenue of $1.33-1.36 billion, versus the consensus of $1.35 billion.

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

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