Reports operating loss of $0.9M, as compared to profit of $3.1M; adj. EBITDA margin declines ~190bps to 5%
The company says that they have generated solid results for the FY18 led by strategy to position Shiloh in lightweighting and value-added solutions; the company was also able to deliver on adj. EBITDA guidance during a challenging year for the industry.
Provides FY19 outlook, and expects revenue of ~$1,000M-$1,150M, with adj. EBITDA of ~$62M-$70M; expects annual capex of ~4% to 5% of revenue.
Previously: Shiloh misses by $0.30, beats on revenue (Dec. 20)
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