Shiloh Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2018; Maintains Earnings Guidance for Fiscal 2018
For the nine months, the company reported net revenues were $839,889,000 against $777,816,000 for the same period a year ago. Income before income taxes was $10,081,000 against $6,915,000 for the same period a year ago. Net income was $19,935,000 against $229,000 for the same period a year ago. Diluted earnings per share were $0.85 against $0.01 per basic and diluted share of for the same period a year ago. Net cash provided by operating activities was $50,881,000 against $69,518,000 for the same period a year ago. Capital expenditures was $38,668,000 against $32,564,000 for the same period a year ago. Adjusted EBITDA increased 3.0% to $59.1 million, for a margin of 7.0%. EBITDA (non-GAAP) was $52,041,000 against $50,655,000 for the same period a year ago. Operating income was $19,385,000 against $21,957,000 a year ago.
The company is maintaining its fiscal 2018 guidance. For the year, the company expects adjusted EBITDA range of $73 million to $76 million, adjusted EBITDA margin range of 7.0% to 7.2% and capital expenditures range of 4% to 5% of revenue.