KVH Industries (KVHI) Tops Q4 EPS by 3c; Guides Q1 EPS Below the Street

KVH Industries (NASDAQ: KVHI) reported Q4 EPS of $0.43, $0.03 better than the analyst estimate of $0.40. Revenue for the quarter came in at $54 million versus the consensus estimate of $53.6 million.

“I’m pleased to report another record revenue quarter,” said Martin Kits van Heyningen, KVH’s chief executive officer. “With a strong contribution from TACNAV and solid VSAT unit shipments we had a very strong quarter for product shipments. I’m also pleased with the positive reaction from customers of our new mini-VSAT Broadband 2.0 service, which we launched at the beginning of the fourth quarter. The quarter, however, was not without challenges. Throughout 2015, we saw a steady stream of offshore oil and gas services vessels being laid up, and that trend continued into the fourth quarter. While other sectors, like commercial shipping and leisure, remained strong during the quarter, the reduction in vessel count from the oil and gas sector resulted in lower than expected year-over-year growth for VSAT airtime.”

GUIDANCE:

KVH Industries sees Q1 2016 EPS of ($0.04)-$0.01, versus the consensus of $0.19.

KVH Industries sees FY2016 EPS of $0.66-$0.96, versus the consensus of $0.92. KVH Industries sees FY2016 revenue of $190-210 million, versus the consensus of $203.4 million.

For earnings history and earnings-related data on KVH Industries (KVHI) click here.

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