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Cambrex reports Q2 revenues up 14%; non-GAAP EPS up 12%; revises guidance

  • Cambrex (NYSE:CBM) Q2 results: Revenues: $134.6M (+13.5%); Operating Income: $34.6M (+12.3%); Net Income: $25M (+22.0%); EPS: $0.75 (+19.0%); Non-GAAP EPS: $0.76 (+11.8%); Quick Assets: $94.2M (+27.1%).
  • 2017 Guidance: Net revenue increase: 7% - 11%; Adjusted EBITDA: $171M - 177M from $168M - 174M; Non-GAAP EPS: $3.00 - 3.12 from $2.94 - 3.06; FCF: $55M - 65M from $50M - 60M.
  • Shares are up 1% premarket on light volume.

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