SMART Global Holdings, Inc. (SGH) Tops Q3 EPS by 8c, Beats on Revenues; Offers Positive Q4 EPS Guidance

SMART Global Holdings, Inc. (NASDAQ: SGH) reported Q3 EPS of $0.62, $0.08 better than the analyst estimate of $0.54. Revenue for the quarter came in at $207 million versus the consensus estimate of $202.93 million.

GUIDANCE:

SMART Global Holdings, Inc. sees Q4 2017 EPS of $0.62-$0.66, versus the consensus of $0.57. SMART Global Holdings, Inc. sees Q4 2017 revenue of $205-215 million, versus the consensus of $211.48 million.

For the fourth quarter of fiscal 2017, SMART expects net sales will be in the range of $205 to $215 million and gross margin is expected to be in the range of 21% to 23%. Net income per diluted share is expected to be in the range of $0.05 to $0.07 on a GAAP basis. On June 2, 2017, SMART used the net proceeds of the IPO to make a mandatory repayment of $61.1 million aggregate principal amount of its outstanding term loans under its Senior Secured Credit Agreement, which will result in an associated non-cash charge in the fourth quarter of approximately $6.7 million. This non-cash charge will be reflected in "other income/(expense)" in the fourth quarter of fiscal 2017. On a non-GAAP basis, SMART expects net income per diluted share will be in the range of $0.62 to $0.66.

• Net sales of $207.0 million
• Gross profit of $47.4 million
• Net income of $8.0 million
• Adjusted EBITDA of $29.9 million
• GAAP diluted EPS of $0.50
• Pro forma* non-GAAP diluted EPS of $0.62

For earnings history and earnings-related data on SMART Global Holdings, Inc. (SGH) click here.

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