Prestige Brands (PBH) Misses Q4 EPS by 1c; Guides In-Line

Prestige Brands (NYSE: PBH) reported Q4 EPS of $0.54, $0.01 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $270.7 million versus the consensus estimate of $234.34 million.

• Reported revenue increased 15.8% to $240.7 million and 9.4% to $882.1 million in Q4 and fiscal 2017, respectively.
• Generated $147.8 million in fiscal 2017 GAAP net cash provided by operating activities and adjusted non-GAAP free cash flow of $196.0 million.
• Anticipate 18% to 20% revenue growth in fiscal 2018.
• Fiscal 2018 GAAP EPS guidance of $2.50 to $2.60; Non-GAAP Adjusted EPSoutlook of $2.58 to 2.68.
• C.B. Fleet acquisition successfully closed January 26th; integration and cost savings efforts tracking as anticipated.

GUIDANCE:

Prestige Brands sees FY2018 EPS of $2.58-$2.68, versus the consensus of $2.67.

For earnings history and earnings-related data on Prestige Brands (PBH) click here.

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