Benchmark Upgrades Cubic (CUB) to Buy
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Cubic Reports Fourth Quarter and Fiscal Year 2015 Results
November 23, 2015 4:09 PM ESTResults include record annual and quarterly sales; 8.3 percent growth in Adjusted EBITDA(1)
Record sales of $1.431 billion for fiscal year 2015, and record quarterly sales of $425.9 million for the fourth quarter Net income of $22.9 million, or $0.85 per diluted share for the year, and net income for the fourth quarter of $20.0 million, or $0.74 per diluted share EBITDA(1) of $112.2 million and Adjusted EBITDA(1) of $140.4 million for fiscal year 2015 Cash provided by operating activities of $89.7 million for the year Total backlog of $2.976 billion as of September... More