Fri. Nov 15th, 2019

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Shiloh Industries Reports Third-Quarter Fiscal 2k19 Results and Raises the Mid-Point of Guidance

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Shiloh Industries, Inc. (NASDAQ: SHLO), a leading global supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and other industrial markets, recently stated fiscal results for its fiscal 2k19 third-quarter finished July 31, 2k19.

3rd-Quarter 2k19 Highlights:

  • Revenues were $263.40M.
  • Gross profit was $23.60M with a gross margin of 9.0%.
  • Net loss was $2.70M or 11.0 cents for each basic share.
  • Adjusted income was 4.0 cents for each basic share.
  • Adjusted EBITDA was $17.30M.
  • Adjusted EBITDA margin was 6.60%.

2k19 Outlook

Shiloh is maintaining its formerly declared 2k19 guidance for revenue to range from $1,000.00M to $1,150.00M and tightening the range for adjusted EBITDA to range from $67.00M to $70.00M from the prior range of $65.00M to $70.00M. This is the 2nd-successive quarter that we have raised the mid-point of guidance.

Shiloh to Host Conference Call Recently at 9:00 A.M. ET

Shiloh will host a conference call on Thursday, September 5, 2k19 at 9:00 A.M. Eastern Time to discuss Shiloh’s 3rd-quarter fiscal 2k19 fiscal results. The conference call can be accessed by dialing 1-877-407-0784, or for international callers, 1-201-689-8560. Please dial-in about five minutes in advance and request the Shiloh Industries 3rd-quarter fiscal 2k19 results conference call. A replay will be available after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 13694094.

 

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