Versum Materials (VSM) Tops Q3 EPS by 4c, Guides Above Views

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Go back to Versum Materials (VSM) Tops Q3 EPS by 4c, Guides Above Views

Versum Materials Reports Third Quarter Fiscal 2017 Financial Results

August 1, 2017 6:30 AM EDT

Updates Fiscal Year 2017 Guidance

Strong Third Quarter Fiscal 2017 Financial Results

Sales of $290.8 million, up 19.8% from third quarter 2016 Net Income of $52.7 million, Margin of 18.1%, diluted EPS of $0.48 Adjusted Net Income of $56.6 million, Margin of 19.5%, Adjusted diluted EPS of $0.52 Adjusted EBITDA of $97.7 million, up 21.7% from third quarter 2016, Margin of 33.6%

Updated Fiscal 2017 Guidance

Expect Sales of $1,090 - $1,120 million, up 12% to 15% from fiscal year 2016 Expect Adjusted EBITDA of... More