Travelport Worldwide (TVPT) Tops Q1 EPS by 8c

Travelport Worldwide (NYSE: TVPT) reported Q1 EPS of $0.44, $0.08 better than the analyst estimate of $0.36. Revenue for the quarter came in at $678 million versus the consensus estimate of $667.04 million.

Key Points

• Net revenue increased 4% to $678 million
• Net income increased 6% to $59 million; Adjusted EBITDA decreased 9% to $154 million
• Travel Commerce Platform revenue increased 5% to $653 million; Technology Services revenue decreased 12% to $25 million largely due to the sale of IGT Solutions Private Ltd. (\"IGTS\") in April 2017
• Beyond Air revenue increased 22% to $180 million, contributing 28% of Travel Commerce Platform revenue (Q1 2017: 24%); eNett net revenue increased 81% to $74 million
• Income per share (diluted) increased 4% to $0.47; Adjusted Income per Share (diluted) decreased 15% to $0.44
• Net cash provided by operating activities decreased 13% to $83 million; Free Cash Flow decreased 35% to $46 million
• Completed comprehensive debt refinancing in March 2018, resulting in extended maturity dates, diversified funding sources and lower exposure to variable interest rates

For earnings history and earnings-related data on Travelport Worldwide (TVPT) click here.

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