Shiloh's (SHLO) Q1 Earnings Improve, Revenues Decline Y/Y

By Zacks Investment ResearchStock MarketsMar 08, 2018 11:14PM ET

www.investing.com/analysis/shilohs-shlo-q1-earnings-improve-revenues-decline-yy-200296994

Shiloh's (SHLO) Q1 Earnings Improve, Revenues Decline Y/Y

By Zacks Investment Research | Mar 08, 2018 11:14PM ET

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Shiloh Industries, Inc.’s (NASDAQ:SHLO) first-quarter fiscal 2018 (ended Jan 31, 2018) earnings have improved on a year-over-year basis.

Earnings & Revenues

Quarterly adjusted earnings came in at 15 cents per share, as against the loss of 3 cents reported in the year-ago quarter.

Revenues in the fiscal first quarter came in at $247.7 million, marginally down 0.1% year over year.

Shiloh Industries, Inc. Price, Consensus and EPS Surprise

Shiloh Industries, Inc. Price, Consensus and EPS Surprise | Shiloh Industries, Inc. Quote

Margins & Costs

Cost of sales in the fiscal first quarter totaled $219.8 million, down 1.8% year over year. Gross margin in the reported quarter came in at 11.3%, expanding 160 basis points (bps) year over year.

Selling, general and administrative expenses in the reported quarter came in at $21.2 million, up from $20.2 million recorded in the year-ago period. Operated margin came in at 1.8%, up 50 bps year over year.

Balance Sheet/Cash Flow

Exiting the fiscal first quarter, this Zacks Rank #3 (Hold) company’s cash and cash equivalents came in at $11.1 million, up from $8.7 million recorded on Oct 31, 2017. Long-term debt in the reported quarter was $182.4 million, up from $181.1 million recorded at the end of fiscal 2017.

In the reported quarter, Shiloh Industries generated $11.6 million cash from operating activities, down from $26.6 million recorded in the year-earlier period. Capital expenditures came in at $9.9 million in the reported quarter, up 8.9% year over year.

Outlook

Shiloh Industries is poised to grow on the back of the company’s restructuring moves and strategic business acquisitions. The company also believes lower U.S. corporate tax rates (as a result of the Tax Cuts and Jobs Act) will help boost its profitability in the quarters ahead.

Stocks to Consider

Some better-ranked stocks in the same space are listed below:

ArcelorMittal (NYSE:MT) sports a Zacks Rank #1 (Strong Buy). The company’s earnings per share (EPS) are projected to be up 13.36% in the next three to five years. You can see the complete list of today’s Zacks #1 Rank stocks here.

Olympic Steel, Inc. (NASDAQ:ZEUS) flaunts a Zacks Rank of 1. The company’s EPS is predicted to rise 7.50% over the next three to five years.

Steel Dynamics, Inc. (NASDAQ:STLD) also sports a Zacks Rank of 1. Its EPS is estimated to be up 12% during the same time frame.

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Steel Dynamics, Inc. (STLD): Free Stock Analysis Report

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Shiloh Industries, Inc. (SHLO): Free Stock Analysis Report

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Shiloh's (SHLO) Q1 Earnings Improve, Revenues Decline Y/Y

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