ASV Holdings, Inc. (ASV) Tops Q2 EPS by 8c

ASV Holdings, Inc. (NASDAQ: ASV) reported Q2 Adj. EPS of $0.10, $0.08 better than the analyst estimate of $0.02. Revenue for the quarter came in at $34.2 million versus the consensus estimate of $28 million.

(emphasis Street Insider) Chairman and Chief Executive Officer, Andrew Rooke commented, “The financial performance we achieved in this quarter, our first as a public company, demonstrates good progress in the relaunching of ASV as an independent Company, and we believe there is ample opportunity for further gains in dealer expansion, product development, and sales and margins. As a result of the increasing distribution of ASV-branded machines from our new dealer development program and the market success of our recently launched and improved ASV products, we reported year-over-year revenue growth of 25.6% led by machine sales growth of 27%, and Adjusted EBITDA of $3.4 million, or 9.9% of sales and cash flow from operations of $4.8 million in the quarter. We added to our North American dealer locations in the quarter, taking the total added this year to thirty five, and expect to achieve our target of adding between 80-110 dealer locations this year. This rapid growth of our network not only helps grow our sales and the ASV brand awareness, but will be critical to the effective level of support provided to our customers as we continue our planned expansion in North America.”

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• HeartCore Enterprises, Inc. (HTCR) Misses Q2 EPS by 185c
• Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c