Newell Brands (NWL) Reports In-Line Q2 EPS, Beats on Revenues; Boosts FY17 Revenue Outlook
Newell Brands (NYSE: NWL) reported Q2 EPS of $0.87, in-line with the analyst estimate of $0.87. Revenue for the quarter came in at $4.1 billion versus the consensus estimate of $3.95 billion.
Full-Year 2017 Outlook
USA Compression is updating its net income guidance and confirming its Adjusted EBITDA and Distributable Cash Flow guidance for 2017:
- Net income range of $6.0 million to $21.0 million;
- A forward-looking estimate of net cash provided by operating activities is not provided because the items necessary to estimate net cash provided by operating activities, in particular the change in operating assets and liabilities, are not accessible or estimable at this time. The Partnership does not anticipate the changes in operating assets and liabilities to be material, but changes in accounts receivable, accounts payable, accrued liabilities and deferred revenue could be significant, such that the amount of net cash provided by operating activities would vary substantially from the amount of projected Adjusted EBITDA and Distributable Cash Flow;
- Adjusted EBITDA range of $145.0 million to $160.0 million; and
- Distributable Cash Flow range of $108.0 million to $123.0 million.
GUIDANCE:
Newell Brands sees FY2017 EPS of $3.00-$3.20, versus the consensus of $3.12. Newell Brands sees FY2017 revenue of $14.8-15 billion, versus the consensus of $14.8 billion.
For earnings history and earnings-related data on Newell Brands (NWL) click here.
