Presidio, Inc. (PSDO) Misses Q1 EPS by 3c, Revenues Miss; Affirms FY19 Revenue Guidance

Presidio, Inc. (NASDAQ: PSDO) reported Q1 EPS of $0.38, $0.03 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $731 million versus the consensus estimate of $747.79 million.

“We are pleased with our results for the first quarter, where we delivered total revenue growth of 2.6%, and Pro Forma Diluted EPS growth of 10.5%; solid results following a strong comparable quarter in the prior year. In addition, our strong cash flow allowed us to prepay $25.0 million of our outstanding term loan” said Bob Cagnazzi, Chief Executive Officer of Presidio. “We are encouraged by our start to the year. The quarter was in line with our expectations, providing us confidence in our ability to achieve our outlook for Fiscal 2019. Furthermore, we are pleased to announce our Board of Directors has declared a quarterly cash dividend of $0.04 per share to be paid in January 2019. We continue to execute against our strategic growth initiatives to deliver strong earnings growth and capitalize on our free cash flow profile to drive shareholder value creation,” Cagnazzi continued.

GUIDANCE:

Presidio, Inc. sees FY2019 revenue of $2.85-2.9 billion, versus the consensus of $2.87 billion.

For earnings history and earnings-related data on Presidio, Inc. (PSDO) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• CaliberCos Inc (CWD) Misses Q2 EPS by 43c; Offers Guidance
• Edible Garden AG (EDBL) Reports Q2 Loss of $18.79