SodaStream (SODA) Tops Q1 EPS by 23c

SodaStream (NASDAQ: SODA) reported Q1 EPS of $0.66, $0.23 better than the analyst estimate of $0.43. Revenue for the quarter came in at $115.3 million versus the consensus estimate of $110.37 million.

• Revenue increased 14.3% to $115.3 million compared to $100.9 million in the first quarter of 2016
• EBITDA increased 62.9% to $20.0 million compared to EBITDA of $12.3 million in the first quarter of 2016
• Net income increased 141.8% to $14.7 million compared to $6.1 million in the first quarter of 2016
• Diluted earnings per share increased 129.3% to $0.66 compared to diluted earnings per share of $0.29 in the first quarter of 2016

"Our first quarter performance represents a very good start to 2017" commented Daniel Birnbaum, Chief Executive Officer of SodaStream. "Sales grew double digits in each of our four geographic regions as investments in marketing fueled strong demand for sparkling water makers. At the same time, gas refill units increased 12% year-over-year, the strongest quarterly gain in several years as a growing number of households are utilizing our home carbonation system to produce sparkling water. Equally important, we translated solid revenue growth into triple digit net income growth and generated our highest ever quarterly operating and free cash flow driven primarily by increased manufacturing efficiencies, meaningful expense leverage and continued working capital optimization. We are confident that we have the right strategies in place to profitably expand our global brand franchise and deliver increased value to our shareholders over the long-term."

For earnings history and earnings-related data on SodaStream (SODA) click here.

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