Synutra Int'l (SYUT) Reports Q4 EPS of $0.33, Offers FY16 Guidance

Synutra Int'l (NASDAQ: SYUT) reported Q4 EPS of $0.33, versus $0.19 reported last year. Revenue for the quarter came in at $110.2 million, versus $98.74 million reported last year.

Fiscal 2016 Financial Outlook

For fiscal 2016 the Company expects continued growth momentum in the Nutritional Food segment, mainly driven by powdered formula products, and greater operating leverage as sales expand. The Company expects full year sales growth for the Nutritional Food segment to be 10-15% over fiscal 2015 results. Total net sales are expected to be between $450 and 500 million, as there can be more variance from the sales of bulk packaged milk and whey powder in the Other Business segment. The Company expects to incur income tax expense consistent with the statutory rate of 25% in fiscal 2016 compared to the income tax benefit recorded in fiscal 2015 due to the reversal of valuation allowances of deferred tax assets. As such the Company expects net income for fiscal 2016 to be between $50 and 60 million, in line with $72.0 million and $54.4 million for GAAP and non-GAAP net income in fiscal 2015, respectively

For earnings history and earnings-related data on Synutra Int'l (SYUT) click here.

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