IAA, Inc (IAA) Tops Q2 EPS by 16c
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IAA, Inc (NYSE: IAA) reported Q2 EPS of $0.69, $0.16 better than the analyst estimate of $0.53. Revenue for the quarter came in at $445.1 million versus the consensus estimate of $411.46 million.
Outlook:
For fiscal 2021 the Company now expects:
- Organic revenue growth within a range of 20.0% - 24.0% from fiscal 2020 revenues of $1,384.9 million.
- Organic Adjusted EBITDA growth within a range of 29.0% - 33.0% from fiscal 2020 Adjusted EBITDA of $398.5 million.
- Interest expense, net, is expected to be in the range of $57.0 million - $59.0 million, including the $10.3 million loss on early extinguishment of debt in the second quarter.
- 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 $82.0 million - $86.0 million
For earnings history and earnings-related data on IAA, Inc (IAA) click here.
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