Shiloh Industries (SHLO) Tops Q3 EPS by 8c, Revenues Beat

Shiloh Industries (NASDAQ: SHLO) reported Q3 EPS of $0.23, $0.08 better than the analyst estimate of $0.15. Revenue for the quarter came in at $294.9 million versus the consensus estimate of $261.42 million.

• Revenues increased 14.8% to $294.9 million.
• Gross profit increased 12.7% to $32.9 million.
• Net income increased $13.0 million to $11.1 million or 47 cents per diluted share.
• Adjusted EBITDA increased 20.6% to $22.2 million, for a margin of 7.5%.

"Shiloh’s third-quarter success continues to demonstrate the increasing demand for our innovative lightweight products," said Ramzi Hermiz, president and chief executive officer. "Our product solutions enable OEMs to reduce on-vehicle weight without compromising strength, safety or performance and also assist our customers minimize the impact of increased costs associated with tariffs and commodity pricing."

GUIDANCE:

Shiloh is maintaining its fiscal 2018 guidance:

• Adjusted EBITDA range of $73 million to $76 million.
• Adjusted EBITDA margin range of 7.0% to 7.2%.
• Capital expenditures range of 4% to 5% of revenue.

For earnings history and earnings-related data on Shiloh Industries (SHLO) click here.

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