Jason Industries Reports Fourth Quarter and Full-Year 2018 Results
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Jason Industries (JASN) Misses Q4 EPS by 23c, Revenues Miss; Offers FY19 Revenue Guidance Below Consensus
March 5, 2019 8:03 AM ESTJason Industries (NASDAQ: JASN) reported Q4 EPS of ($0.40), $0.23 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $132 million versus the consensus estimate of $133.4 million.
Key financial results for the fourth quarter 2018 versus the year ago period include:
Net sales of $132.0 million decreased 9.3 percent and included a negative 1.1 percent impact from the divestiture and planned exit of non-core businesses in the margin expansion program and a negative 0.9 percent from foreign currency translation.Operating loss of $0.4 million or 0.3 percent of net sales, increased $1.9 million, impacted by $1.4 million of... More