KEYW Holding (KEYW) Misses Q1 EPS by 5c, Revenues Miss

KEYW Holding (NASDAQ: KEYW) reported Q1 EPS of ($0.08), $0.05 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $113.8 million versus the consensus estimate of $123.05 million.

• Revenue of $113.8 million
• Operating income of $1.2 million
• Adjusted EBITDA (see Table 1 below) of $8.8 million or 7.7% of revenue
• Contract awards of $87 million

CEO Commentary

“Our first quarter results were largely in-line with company expectations and we continue to see strong sequential momentum for the remainder of the year. Based on the financial results for the first quarter and our outlook for the remainder of the year, our full-year 2019 expectations remain intact," said Bill Weber, KeyW’s president and chief executive officer. "We look forward to our combination with Jacobs – this transaction provides a platform to accelerate KeyW’s success in leveraging its core competencies in ISR, Cyber and Analytics and creates significant shareholder value.”

For earnings history and earnings-related data on KEYW Holding (KEYW) click here.

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