Hollysys Automation (HOLI) Misses Q3 EPS by 8c, Slight Beat on Revenues

Hollysys Automation (NASDAQ: HOLI) reported Q3 EPS of $0.36, $0.08 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $120.6 million versus the consensus estimate of $119.06 million.

Third Quarter of Fiscal Year 2018 Financial Highlights

• Non-GAAP net income attributable to Hollysys was $22.1 million, an increase of 61.1% compared to the comparable prior year period.
• Total revenues were $120.6 million, an increase of 32.1% compared to the comparable prior year period.
• Non-GAAP gross margin was at 36.4%, compared to 30.7% for the comparable prior year period.
• Non-GAAP diluted EPS were at $0.36, an increase of 63.6% compared to the comparable prior year period.
• Net cash provided by operating activities was $5.1 million for the current quarter.
• DSO of 196 days, compared to 219 days for the comparable prior year period.
• Inventory turnover days of 63 days, compared to 61 days for the comparable prior year period.

For earnings history and earnings-related data on Hollysys Automation (HOLI) click here.

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