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Shiloh Industries +19% on earnings beat; reaffirms 2018 guidance

Sep. 07, 2018 11:32 AM ETShiloh Industries, Inc. (SHLOQ) StockBy: Vandana Singh, SA News Editor2 Comments
  • Shiloh Industries says, Q3 success continues to demonstrate the increasing demand for innovative lightweight products.
  • Reports net income of $11.1M as compared to loss of ~$2M last year
  • Operating income margin compresses ~31bps Y/Y to 2.6%; adjusted EBITDA margin was down 30bps to 7.5%
  • FY18 guidance: Adjusted EBITDA ~$73M-$76M; capex ~4%-5% of revenue
  • (NASDAQ:SHLO) surges 19.3% to $10.44
  • Previously: Shiloh beats by $0.08, beats on revenue (Sept. 7)

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