Shiloh Industries, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2018. For the quarter, the company reported net revenues were $294,883,000 against $256,847,000 for the same period a year ago. Income before income taxes was $4,038,000 against $2,457,000 for the same period a year ago. Net income was $11,052,000 against net loss of $1,982,000 for the same period a year ago. Basic and diluted earnings per share were $0.47 against basic and diluted loss per share of $0.11 for the same period a year ago. Adjusted EBITDA increased 20.6% to $22.2 million, for a margin of 7.5%. EBITDA (non-GAAP) was $19,607,000 against $17,087,000 for the same period a year ago. Operating income was $7,535,000 against $7,366,000 a year ago.

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.