Shiloh Industries, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2018. For the quarter, the company reported net revenues of $297,340,000 as compared to $273,031,000 for the same period last year. Operating income was $7,279,000 as compared to $11,263,000 for the same period last year. Income before income taxes was $4,243,000 as compared to $6,552,000 for the same period last year. Net income was $4,025,000 as compared to $4,229,000 for the same period last year. Basic and diluted earnings per share was $0.17 as compared to $0.24 for the same period last year.

For the period, the company reported net revenues of $545,006,000 as compared to $520,969,000 for the same period last year. Operating income was $11,850,000 as compared to $14,591,000 for the same period last year. Income before income taxes was $6,043,000 as compared to $4,458,000 for the same period last year. Net income was $8,883,000 as compared to $2,211,000 for the same period last year. Basic and diluted earnings per share was $0.38 as compared to $0.12 for the same period last year. Net cash provided by operating activities was $20,060,000 as compared to $33,907,000 for the same period last year. Capital expenditures was $23,772,000 as compared to $17,983,000 for the same period last year.

Shiloh is reaffirming its adjusted EBITDA guidance range for 2018 of $73 million to $76 million which includes minimal contribution from the Brabant acquisition, considering acquisition and integration costs and headwinds from increasing raw material and launch costs. This guidance reflects an adjusted EBITDA margin range of 7.0% to 7.2% as a result of the acquisition's current lower margin contribution. Additionally, the company continues to expect annual capital expenditures to remain approximately 4% to 5% of revenue.