Cubic Reports Record Fourth Quarter and Record Fiscal 2019 Sales and Adjusted EBITDA and Provides Fiscal 2020 Guidance; Announces Agreements to Acquire Remaining Stakes of Pixia and Delerrok

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Go back to Cubic Reports Record Fourth Quarter and Record Fiscal 2019 Sales and Adjusted EBITDA and Provides Fiscal 2020 Guidance; Announces Agreements to Acquire Remaining Stakes of Pixia and Delerrok

Cubic Corp. (CUB) Misses Q4 EPS by 8c, Offers FY20 Guidance, o Acquire Remaining Stakes of Pixia and Delerrok

November 20, 2019 4:14 PM EST

Cubic Corp. (NYSE: CUB) reported Q4 EPS of $1.86, $0.08 worse than the analyst estimate of $1.94. Revenue for the quarter came in at $471.2 million versus the consensus estimate of $440.34 million.

GUIDANCE:

Cubic Corp. sees FY2020 EPS of $3.10-$3.70, versus the consensus of $3.97. Cubic Corp. sees FY2020 revenue of $1.58-1.64 billion, versus the consensus of $1.59 billion.

Adjusted EBITDA: $170 million to $190 million

Purchase Agreement to Acquire Delerrok Inc. (Delerrok)

During fiscal years 2018 and 2019, Cubic paid a total of $6.5 million in cash to purchase 17.5% of the outstanding common stock of Delerrok,... More