Shiloh Industries Inc. reported consolidated earnings results for the fourth quarter and full year ended October 31, 2017. For the quarter, the company reported net revenues of $264,170,000 against $281,683,000 a year ago. Operating income was $2,712,000 against $6,240,000 a year ago. Loss before income taxes was $492,000 against income of $316,000 a year ago. Net loss was $926,000 against income of $5,265,000 a year ago. Diluted loss per share was $0.04 against earnings of $0.31 a year ago. Adjusted EBITDA was $18,299,000 against $19,003,000 a year ago. EBITDA was $12,500,000 against $14,128,000 a year ago. Adjusted basic earnings per share (non-GAAP) were $0.13 against $0.50 a year ago.

For the full year, the company reported net revenues of $1,041,986,000 against $1,065,834,000 a year ago. Operating income was $23,714,000 against $18,470,000 a year ago. Income before income taxes was $6,423,000 against loss of $1,483,000 a year ago. Net loss was $697,000 against income of $3,669,000 a year ago. Diluted loss per share was $0.04 against earnings of $0.21 a year ago. Net cash provided by operating activities was $76,315,000 against $69,361,000 a year ago. Capital expenditures were $48,395,000 against $28,324,000 a year ago. Adjusted EBITDA was $75,649,000 against $63,307,000 a year ago. EBITDA was $63,155,000 against $54,225,000 a year ago. Adjusted basic earnings per share (non-GAAP) were $0.53 against $0.59 a year ago.

For the year 2018, the company anticipated continued gross margin expansion approaching 12%. Some of this gross margin improvement will be reinvested in engineering and IP infrastructure to support transformation and long-term growth beyond 2018. Therefore, the company expects adjusted EBITDA to be in the range of $73 million to $76 million on a modest decline in revenue, representing a margin range of 7.4% to 7.8% compared to the 7.3% in fiscal 2017. The company expects capital equipment investment to remain in the range of 4.5% to 5% of revenue.