Shiloh Industries (SHLO) Misses Q4 EPS by 11c, Revenues Miss; Offers FY20 Revenue Guidance Below Consensus

Shiloh Industries (NASDAQ: SHLO) reported Q4 EPS of ($0.10), $0.11 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $259 million versus the consensus estimate of $274.77 million.

Fourth-Quarter 2019 Highlights:

• Revenues were $259.0 million.
• Gross profit was $24.6 million, an increase of 3.3% over prior year.
• Gross margin of 9.5%, an expansion of 160 basis points over prior year.
• Net loss was $13.7 million or $0.59 cents per basic share.
• Adjusted EBITDA was $16.6 million, an increase of 11.0% over prior year.
• Adjusted EBITDA margin was 6.4%, an expansion of 140 basis points over prior year.

“Shiloh had a successful fiscal 2019, winning new business, completing key product launches, expanding our global footprint, and delivering on our financial commitments,” said Ramzi Hermiz, president and chief executive officer. \"Shiloh delivered on the high end of guidance with nearly $70 million in adjusted EBITDA, overcoming many headwinds, including the impact of the UAW strike at General Motors. During the year, we took important restructuring actions to better position the company to navigate market conditions. We exited 2019 with momentum as we expanded gross margin and adjusted EBITDA margin in the fourth quarter. As we execute our strategy, we are creating innovative solutions for sustainable mobility, enabling a safer and healthier environment, and setting Shiloh apart from our peers. We enter fiscal 2020 as a stronger organization with an improved cost structure that is well positioned to continue to improve our profitability and expand our sustainability efforts globally.”

GUIDANCE:

Shiloh Industries sees FY2020 revenue of $1 billion, versus the consensus of $1.07 billion.

• Shiloh is introducing 2020 guidance for revenue of approximately $1 billion and adjusted EBITDA in the range of $75 million to $80 million, representing an increase of 7% to 15% compared to 2019.

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

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