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Monday, 08/19/2019 12:52:15 PM

Monday, August 19, 2019 12:52:15 PM

Post# of 65
Earnings release:

https://www.cubic.com/news-events/news/cubic-reports-third-quarter-fiscal-year-2019-results-delivers-strong-growth-and

Third Quarter Fiscal Year 2019 Highlights

Sales of $382.7 million, up 29% year-over-year
Net income from continuing operations attributable to Cubic of $24.1 million, or $0.77 per share, including $32.6 million gain on sale of fixed assets; Adjusted EPS of $0.66, up 38% year-over-year
Adjusted EBITDA of $30.6 million, up 9% year-over-year
Net cash provided by operating activities of $1.1 million; Adjusted Free Cash Flow of $52.5 million
Sold real estate assets for net cash proceeds of $44.9 million
Acquired 20% stake in Pixia for $50 million to enhance Cubic Mission Solutions portfolio
Narrowed fiscal year 2019 guidance: Sales $1,440-$1,480 million; Adjusted EBITDA $145-155 million; Adjusted EPS $3.00-$3.35

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