IAA, Inc (IAA) Tops Q1 EPS by 11c

IAA, Inc (NYSE: IAA) reported Q1 EPS of $0.58, $0.11 better than the analyst estimate of $0.47. Revenue for the quarter came in at $426.5 million versus the consensus estimate of $394.11 million.

Outlook:

For fiscal 2021 the Company now expects:

• Organic revenue growth within a range of 15% - 20% from fiscal 2020 revenues of $1,384.9 million.
• Organic Adjusted EBITDA growth within a range of 23% - 28% from fiscal 2020 Adjusted EBITDA of $398.5 million.
• Effective tax rate is expected to be in the range of 25.0% - 25.5%.
• Depreciation and amortization is expected to be in the range of $88.0 million - $92.0 million.

For earnings history and earnings-related data on IAA, Inc (IAA) click here.

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