Cision (CISN) Reports In-Line Q1 EPS; Raises FY19 Revenue Outlook, Affirms FY19 EPS View, Offers Q2 EPS/Revenue Outlook

Cision (NYSE: CISN) reported Q1 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $188.9 million versus the consensus estimate of $188.44 million.

• Revenue increased 3.6% to $185.8 million
• Revenue, excluding the impact of purchase accounting, increased 4.8% to $188.9 million
• Operating income decreased 40.7% to $7.2 million
• Net income was $11.6 million versus a prior year net loss of $0.4 million
• Adjusted EBITDA increased 8.4% to $63.1 million
• Adjusted net income increased 16.9% to $27.0 million
• Adjusted net income per share was $0.19

"We are pleased to have delivered strong financial results for the first quarter of 2019, including record organic constant currency revenue growth of 4.9% versus the prior year, with solid growth in both the core business and in each of Falcon and TrendKite," said Kevin Akeroyd, Cision's Chief Executive Officer. "We have dramatically improved the value proposition we bring to our public relations and marketing communications customers, and these new offerings will feature prominently in our plans to further extend our industry leadership position. Over the coming quarters, our priorities will be on completing our outstanding integration work, while driving towards our long-term financial goals and objectives."

GUIDANCE:

Cision sees Q2 2019 EPS of $0.20-$0.21, versus the consensus of $0.22. Cision sees Q2 2019 revenue of $193-195 million, versus the consensus of $198.2 million.

Cision sees FY2019 EPS of $0.82-$0.85, versus the consensus of $0.84. Cision sees FY2019 revenue of $789-792 million, versus the consensus of $780 million.

For earnings history and earnings-related data on Cision (CISN) click here.

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