Shiloh Industries (SHLO) Tops Q1 EPS by 11c, Revenues Miss; Offers FY19 Revenue Mid-Point Outlook Above Cosnensus

Shiloh Industries (NASDAQ: SHLO) reported Q1 EPS of ($0.03), $0.11 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $258.9 million versus the consensus estimate of $261.63 million.

• Revenues increased 4.5% year over year to $258.9 million.
• Gross profit was $13.7 million with a gross margin of 5.3%.
• Net loss was $4.7 million or 20 cents per diluted share.
• Adjusted EBITDA was $12.6 million.

"Our products continue to gain traction in the market, demonstrated by the accelerating pace of new business wins on global platforms," said Ramzi Hermiz, president and chief executive officer. "During the quarter, we made meaningful progress executing new product launches that will drive future performance for Shiloh. As we move past the elevated launch activity, we anticipate improvement in our profitability."

2019 Outlook

Shiloh is maintaining its previously announced 2019 guidance of revenue in the range of $1,000 million to $1,150 million and adjusted EBITDA in the range of $62 million to $70 million. Additionally, the Company continues to expect annual capital expenditure to be approximately 4% to 5% of revenue.

GUIDANCE:

Shiloh Industries sees FY2019 revenue of $1-1.15 billion, versus the consensus of $1.11 billion.

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

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Cineverse Corp (CNVS) Misses Q1 EPS by 20c; Offers Guidance
• zSpace, Inc. (ZSPC) Reports Q2 results