Cubic Corp. (CUB) Misses Q2 EPS by 2c; Updates Outlook

Cubic Corp. (NYSE: CUB) reported Q2 EPS of $0.02, $0.02 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $343.7 million versus the consensus estimate of $365.04 million.

• Sales of $343.7 million for the quarter and $678.4 million for the six-month period.
• Net income of $0.5 million or $0.02 per share for the quarter and net loss of $2.4 million, or $0.09 per share for the six-month period.
• Adjusted EBITDA(1) of $16.8 million for the quarter and $36.9 million for the six-month period.
• Cash flows from operating activities of $11.0 million for the six-month period compared to cash used in operations of $37.7 million last year.
• Total backlog of $2.626 billion as of March 31, 2017.
• Sales guidance for fiscal 2017 revised to $1.50 billion to $1.54 billion; EBITDA(1) guidance revised to $65 million to $85 million; Adjusted EBITDA(1) guidance revised to $105 million to $125 million.

For earnings history and earnings-related data on Cubic Corp. (CUB) click here.

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