Jason Industries (JASN) Tops Q3 EPS by 6c, Revenues Beat; Offers FY18 EPS Mid-Point Outlook Above Consensus

Jason Industries (NASDAQ: JASN) reported Q3 EPS of $0.01, $0.06 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $145.3 million versus the consensus estimate of $142.5 million.

“We improved margins for the seventh consecutive quarter, generated strong free cash flow and reduced leverage to 5.1 times. As best demonstrated by our Seating business, each of our teams continue to target select growth opportunities, improve operations and drive cash generation,” said Brian Kobylinski, chief executive officer of Jason. “Our progress remains steady and our results are in line with our expectations.”

Kobylinski stated, “Our nimbleness and execution are outpacing select end-market volatility and the impact of inflation. We continue to progress toward our goals and reaffirm our 2018 guidance.”

GUIDANCE:

Jason Industries sees FY2018 revenue of $600-645 million, versus the consensus of $613.7 million.

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

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