China Yuchai Int'l (CYD) Misses Q1 EPS by 1c, Revenues Miss

China Yuchai Int'l (NYSE: CYD) reported Q1 EPS of $0.72, $0.01 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $618.3 million versus the consensus estimate of $676.97 million.

• Net revenue was RMB 4.2 billion (US$ 618.3 million) compared with RMB 4.3 billion in the first quarter of 2018;
• Gross profit was RMB 761.3 million (US$ 113.1 million), with a gross margin of 18.3%, compared with RMB 853.5 million and a gross margin of 19.7% in the first quarter of 2018;
• Operating profit was RMB 357.3 million (US$ 53.1 million) compared with RMB 424.2 million in the first quarter of 2018;
• Net earnings attributable to China Yuchai\'s shareholders was RMB 198.0 million (US$29.4 million) compared with RMB 242.8 million in the first quarter of 2018;
• Basic and Diluted earnings per share were RMB 4.85 (US$0.72) compared with RMB 5.94 and RMB 5.93 respectively, in the first quarter of 2018;
• The total number of engines sold was 101,300 units compared with 110,113 units in the first quarter of 2018.

Mr. Weng Ming Hoh, President of China Yuchai, commented, "We are well positioned with our broad portfolio of National VI and Tier 4 engines to meet the challenges of the new upcoming emission standards. Our new joint venture with Eberspaecher Exhaust Technology International GmbH will provide a ready supply of these important emission systems for the future."

"We continue to build on our strength to provide the necessary resources to achieve our strategic goals."

For earnings history and earnings-related data on China Yuchai Int'l (CYD) click here.

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